Ten years ago a person deposited 2000 into an account that, Ask an Expert

Economics

Ten years ago, a person deposited $2,000 into an account that paid 5% simple interest for the first four years and then it paid 6% compounded monthly for the remaining six years. The amount in the account at the end of the ten-year period is closest to:

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91795944

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