An investor deposits 10,000 into a savings account that sets its interest rate for the year on the first day of the year. For the first five years the investor receives 6% per year. After that, for...


An investor deposits 10,000 into a savings account that sets its interest rate for the year on the first day of<br>the year. For the first five years the investor receives 6% per year. After that, for the next 4 years the<br>investor received 10% per year and after that 8% per year for 6 years. Assuming there were no deposits or<br>withdrawals from the account during this period, how much is in the account at the end of this time?<br>O 31092<br>O 46951<br>O 22584<br>O 50358<br>O 21577<br>O 44290<br>

Extracted text: An investor deposits 10,000 into a savings account that sets its interest rate for the year on the first day of the year. For the first five years the investor receives 6% per year. After that, for the next 4 years the investor received 10% per year and after that 8% per year for 6 years. Assuming there were no deposits or withdrawals from the account during this period, how much is in the account at the end of this time? O 31092 O 46951 O 22584 O 50358 O 21577 O 44290

Jun 08, 2022
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