Suppose you put in $500 in a savings account today, another $400 in 1 years' time and $500 in 3 years' time. The interest rate on the savings account is 6%. How much money will you have in the savings account at the end of 4 years?
A) $2,268.88.
B) $2,131.92.
C) $1,637.55.
D) None of the above. Not enough information has been provided.
Correct Answer:
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