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Gary deposits the following amounts in a savings plan which pays 8.4% per annum, compounded monthly: $1,500 today, $2,500 at the end of year two and...
1.Gary deposits the following amounts in a savings plan which pays 8.4% per annum, compounded monthly: • $1,500 today, • $2,500 at the end of year two and • $5,000 at the end of year three. The amount he will have in exactly three years is closest to:
Select one:
A. $9,621
B. $10,429
C. $8,187
D. $9,646
2.