Your wealthy uncle established a $$1,000$ bank account for you when you were born. For

the first $8$ years of your life, the interest rate earned on the account was $6\%.$ Since then,

rates have been only $4\%.$ Now you are $21$ years old and ready to cash in$.$ How much is in

your account?

Input variables:

Investment $$1,000$

First number of

years $8$

First interest rate $6\mathrm{.}00\%$

Second interest rate $4\mathrm{.}00\%$

Current age $21$

Solution Formula Function Calculator

Account CPT

N I$/$Y PV PMT FV

CPT

N I$/$Y PV PMT FV