Answer:
$11,876.77
Step-by-step explanation:
A save bank has a unique account. The present value deposited is $5,750
The bank is willing to pay an annual interest rate of 6% for 3 years
= 6/100
= 0.06
6.6% interest rate for a period of 2 years
= 6.6/100
= 0.066
7.3% interest rate for a period of 6 years
= 7.3/100
= 0.073
Therefore, amount that will be present in the account in 11 years can be calculated as follows
A= P(1+r/100)^n
Where A is the future value, P is the present value , r is the interest rate and n is the number of years
A = $5,750 × (1+0.06)^3 × (1+0.066)^2 × (1+0.073)^6
A= $5,750× 1.06^3 × 1.066^2 × 1.073^6
A=$5,750×1.191016×1.136356×1.52615390
A= $5,750×2.06552443
A= $11,876.77
Hence the amount of money that would be in the account in 11 years is $11,876.77