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Jack deposits the following amounts in a savings plan which pays 11.1% per annum, compounded monthly: $2864 today, $1100 at the end of year two

Jack deposits the following amounts in a savings plan which pays 11.1% per annum, compounded monthly: $2864 today, $1100 at the end of year two and $1700 at the end of year three. The amount he will have in exactly 3 years is closest to: Select one: a. $6918.10 b. $7061.62 c. $6849.59 d. $6500.77

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