Ann deposits 1068 into a savings account at t0 her balance


Ann deposits $1068 into a savings account at t=0. Her balance earns interest at an interest of 3% per annum during the first n years (n <10), and at a 6% interest thereafter. At the end of 10 years, Ann's balance is $1781. Consider annual compounding. What is the value of n?

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Financial Management: Ann deposits 1068 into a savings account at t0 her balance
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