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