Compounding with different interest rates a deposit of 390


Compounding with Different Interest Rates A deposit of $390 earns interest rates of 7.9 percent in the first year and 10.9 percent in the second year. What would be the second year future value?

A. $853.32

B. $463.32

C. $466.68

D. $834.56

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Financial Management: Compounding with different interest rates a deposit of 390
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