What is the value of your investment five years from today

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Reference no: EM13890438

You deposit $225 into an account which pays 6.5% per year for two years. However, the rate of interest drops to 3.5% thereafter. What is the value of your investment five years from today (assuming annual compounding)?

A. $277.68

B. $282.95

C. $301.21

D. $314.38

Reference no: EM13890438

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