The answer to #34 is $673.31. I need help answering #35 34) An account...
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Accounting
The answer to #34 is $673.31. I need help answering #35
34) An account earning 5% annual effective interest is opened with a $500 deposit. At the start of year 2, $200 is withdrawn, at the start of year 3, $300 is deposited. What is the amount of the account at the start of year 4? 35) The account in problem in problem 34) is transferred to a new account at the start of year 4. The accumulated amount plus $500 is deposited at this time. $200 is deposited at the start of year 5 and the account shows a balance of $1,717.34 at the end of year 7. What effective rate of interest did the account earn in years 4 through 7
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