1. If you make a single deposit of $1,000 into an account that offers a stated annual rate of interest, r = 11.5 percent compounded annually for the first year that the money is on deposit, then switches to 12.4 percent compounded quarterly for the second year, and switches once again to 13.75 percent compounded continuously for the third year, what will be your balance at the end of year three (FV₃)?

   		None of the above
   		$3,889.36
   		$2,030.53
   		$1,445.52
   		$4,336.57