4-94 an individual makes five annual deposits of s2000 in a, Business Economics

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4-94 an individual makes five annual deposits of s2000 in a

4-94. An individual makes five annual deposits of s2,000 in a savings account that pays interest at a rate of 4s per yeat. One year after making the last deposit, the interest rate changes to 6% per year. Five years after the last deposit, the accumulated money is withdrawn from the account. How much is withdrawn?

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Business Economics: 4-94 an individual makes five annual deposits of s2000 in a

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