Jack deposits the following amounts in a savings plan which pays 6.9% per annum, compounded...
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Accounting
Jack deposits the following amounts in a savings plan which pays 6.9% per annum, compounded monthly:
$1951 today, $1000 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:
a. $6769.50
b. $6845.80
c. $6752.36
d. $6610.04
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