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9) You invest in your savings account $3202 today, $2100 at the end of year one and $1900 at the end of year two. If

9)

You invest in your savings account $3202 today, $2100 at the end of year one and $1900 at the end of year two. If the interest rate is 8.3% per annum, compounded quarterly, then the amount you will have in exactly three years is closest to:

a.

$8588.07

b.

$7704.79

c.

$7721.08

d.

$8634.56

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