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You deposit $28,000 today in a bank that promises to pay an annual interest of...

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Finance

You deposit $28,000 today in a bank that promises to pay an annual interest of 10%?

What is future value of this sum at the end of 8 years?

What is the FV of the sum if the interest rate is 5% for the first three years, 7% for the next three years and 9% thereafter?

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