Suppose an account promises interest at the rate of 5% the first two years and then 3% thereafter. If $2,000 is deposited in the account today, the balance in the account at the end of 10 years from today if you make no withdrawals is closest to:
A) $2,000.00
B) $2,793.23
C) $2,794.06
D) $3,257.79

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The Answer of Suppose an account promises interest at the rate of 5% the first two years and then 3% thereafter. If $2,000 is deposited in the account today, the balance in the account at the end of 10 years from today if you make no withdrawals is closest to:
A) $2,000.00
B) $2,793.23
C) $2,794.06
D) $3,257.79

Suppose an Account Promises Interest at the Rate of 5