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You Save Bank has a unique account. If you deposit $6,500 today, the bank will pay you an annual interest rate of 5 percent for 5 years, 5.6 percent for 4 years, and 6.3 percent for 8 years. How much will
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You Save Bank has a unique account. If you deposit $6,500 today, the bank will pay you an annual interest rate of 5 percent for 5 years, 5.6 percent for 4 years, and 6.3 percent for 8 years. How much will you have in your account in 17 years?

a. $15,952.43
b. $14,898.12
c. $16,818.28
d. $12,314.58
e. $13,171.90

User Richard Haven
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1 Answer

2 votes
C. Good luck

You need to use the interest formula using the annual interest and the initial payment
User Tunguski
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