What will my account balance be two years from today

Reference no: EM133715773

Question: Suppose that there is an ideal money market with constant effective rate R. A customer calls the bank and asks: "If I deposit $1,000 today, deposit an additional $2,000 6 months from today, and make no other deposits or withdrawals, what will my account balance be two years from today?"

Reference no: EM133715773

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