About how much should be in the account when you close it

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Reference no: EM13890508

You deposit $1,000 in an account. You expect the account to earn 0.75% annual interest for the first six years. Then you expect the account to earn 1.03% annual interest until you close the account after 15 years. About how much should be in the account when you close it?

a. $2,235.02

b. $3,729.32

c. $1,146.89

d. $1,086.29

Reference no: EM13890508

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