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Suppose that you deposit 1000 in a savings account at wells

Suppose that you deposit $1,000 in a savings account at Wells Fargo and plan to leave your principal and any interest in the account for four months.

The interest rate in the first month is 1%; in the second month, 3%; in the third month, 3%; and in the fourth month, 3%. What is the future value of your account at the end of the holding period?

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Financial Management: Suppose that you deposit 1000 in a savings account at wells

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