Fro the next two years the annual effective interest rate


Sean deposits $ 826 in a savings account that earns interest at Increasing Rates Bank. For the first three years the money is on deposit, the annual effective interest rate is 3%.

Fro the next two years the annual effective interest rate is 4%, and for the following five years the annual effective interest rate is 5%.

What is Sean's balance at the end of ten years?

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Financial Management: Fro the next two years the annual effective interest rate
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