Today is 1/7/2021, John plans to deposit $500 at the beginning of each month into...
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Today is 1/7/2021, John plans to deposit $500 at the beginning of each month into an investment fund. The first deposit will be deposited today. John predicts that the return rate of this fund will be j12=3.2% from 1/7/2021 to 30/9/2021 and j12=4.83% from 1/10/2021 to 31/12/2021. What will be balance amount of this account on 31/12/2021?
a. 3028.28
b. 3020.12
c. 3038.40
d. 3032.22
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