Coco invests 2,000 at the beginning of the year in a fund which credits interest at an annual effective rate of 9%. Coco reinvests each interest payment in a separate fund, accumulating at an annual effective rate if 8%. The interest payments from this fund accumulate in a bank account that guarantees an annual effective rate of 7%. Determine the sum of the principal and interest at the end of 10 years. B A C D E 4505 4545 4585 4625 4665

Coco invests 2,000 at the beginning of the year in a fund which credits interest at an anmual effective rate of 9%. Coco reinvests each interest payment in a separate fund, accumulating at an anmual effective rate if 8%. The interest payments from this fund accumulate in a bank account that guarantees an anmual effective rate of 7%. Determine the sum of the principal and interest at the end of 10 years