What would be the second year future


Compounding with Different Interest Rates A deposit of $790 earns interest rates of 10.9 percent in the first year and 7.9 percent in the second year. What would be the second year future value?

a) $876.82

b) $938.52

c) $1,728.52

d) $945.32

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Financial Management: What would be the second year future
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