Consider annual compounding-what is the value

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Ann deposits $1068 into a savings account at t=0. Her balance earns interest at an interest of 3% per annum during the first n years (n <10), and at a 6% interest thereafter. At the end of 10 years, Ann's balance is $1781. Consider annual compounding. What is the value of n?

Reference no: EM131188197

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