Compounding with different interest rates

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Reference no: EM131020225

Compounding with Different Interest Rates A deposit of $390 earns interest rates of 7.9 percent in the first year and 10.9 percent in the second year. What would be the second year future value?

A. $853.32

B. $463.32

C. $466.68

D. $834.56

Reference no: EM131020225

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