Jack Deposits The Following Amounts In A Savings Plan Which Pays 9 5 Per Annum C

/in /by

Jack deposits the following amounts in a savings plan which pays 9.5% per annum, compounded monthly:

  • $1992 today,
  • $1200 at the end of year two and
  • $3300 at the end of year three. 

The amount he will have in exactly 3 years is closest to:

Select one:

a. $7265.01

b. $7395.93

c. $7229.36

d. $7026.12

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
ORDER NOW