question archive Jack deposits the following amounts in a savings plan which pays 7

Jack deposits the following amounts in a savings plan which pays 7

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Jack deposits the following amounts in a savings plan which pays 7.3% per annum, compounded monthly: $1599 today, $1200 at the end of year two and $3400 at the end of year three. The amount he will have in exactly 3 years is closest to: a. $6662.97 b. $6777.19 c. $6540.13 d. $6679.76

 

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