If you deposit 2000 in a bank and if the annual interest


If you deposit $2000 in a bank and if the annual interest rate is 2% in year 1 and 5% in year 2 and 8% in year 3, how much money will you have in your account at the end of year 3 if you don’t withdraw any money from this account? Explain your answers.

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Business Economics: If you deposit 2000 in a bank and if the annual interest
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