Five years after the last deposit the accumulated money is, Financial Management

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Five years after the last deposit the accumulated money is

An individual makes five annual deposits of ?$2500 in a savings account that pays interest at a rate of 3?% per year. Two years after making the last? deposit, the interest rate changes to 5?% per year. Five years after the last? deposit, the accumulated money is withdrawn from the account. How much is? withdrawn?

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Financial Management: Five years after the last deposit the accumulated money is

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Financial Management: Five years after the last deposit the accumulated money is

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