A deposit of $250 earns the following interest rates:   10 percent in the first year. 8 percent in the second year. 7 percent in the third year.   What would be the third year future value? (Round your answer to 2 decimal places.)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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A deposit of $250 earns the following interest rates:
 

10 percent in the first year.

8 percent in the second year.

7 percent in the third year.

 

What would be the third year future value(Round your answer to 2 decimal places.)

 

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