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11. An investment pays out $1000 in 5 years, $2000 in 8 years, and $3000 in 11 years. The annual interest rate is 5%. How
11. An investment pays out $1000 in 5 years, $2000 in 8 years, and $3000 in 11 years. The annual interest rate is 5%. How much will you have earned from this investment in year 11 right after the final payment? Hint: you can earn interest on the cash received in earlier years. a. $3891.24 b. $6000.00 c. $6655.35 d. $9362.21
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