an amount of $2500 is invested for 10 yrs at the rates of 12% for the first two years,15% for the next 3 years and 16% for the remaining yrs all compounded daily.what is the total amount at the end of the 5 yrs and end of 10 yrs?

an amount of $2500 is invested for 10 yrs at the rates of 12% for the first two years,15% for the next 3 years and 16% for the remaining yrs all compounded daily.what is the total amount at the end of the 5 yrs and end of 10 yrs?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 18E

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100%

an amount of $2500 is invested for 10 yrs at
the rates of 12% for the first two years,15% for
the next 3 years and 16% for the remaining yrs
all compounded daily.what is the total
amount at the end of the 5 yrs and end of 10
yrs?

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