Question: Determine the interest rate earned on a $ 2 , 0 0 0 deposit when $ 2 , 3 0 0 is paid back in

Determine the interest rate earned on a $2,000 deposit when $2,300 is paid back in one year.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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?
Note: Round your answer to 2 decimal places.

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