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You invest in your savings account $2390 today, $2300 at the end of year one...

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Question

Finance

You invest in your savings account $2390 today, $2300 at the end of year one and $2900 at the end of year two. If the interest rate is 12.6% per annum, compounded quarterly, then the amount you will have in exactly three years is closest to:

a.

$8656.64

b.

$9593.55

c.

$9698.32

d.

$8710.43

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