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 $ deposit when $ is paid back in one year.
Note: Do not round intermediate calculations. Round your answer to decimal places.
percent in the first year.
percent in the second year.
percent in the third year.
What would be the third year future value?
Note: Round your answer to decimal places.
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