An investor deposits $ 1 1 6 8 into a deposit account in year 1 , it

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Question:

An investor deposits $

1168

into a deposit account in year

1,

it get

23

,

in year

2,

it gets

4 %

and in year

3

it gets

13 % .

What would be the equivalent fixed rate for the three year. Assume interest is paid on an annnual basis.

Posted Date: May 18, 2024 06:12 PM

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An investor deposits $ 1 1 6 8 into a deposit account in year 1 , it

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