Kai is saving for the down payment on a house. He deposits $5,000.00 today, $7,500.00 in 15 months, and $9,200.00 in 2 years. The account earns interest at the rate i⁽³⁶⁵⁾ = 9.235%. How much does he have in his account after 5 years?

a.

$32,207.34

b.

$30,980.40

c.

$31,593.87

d.

$30,673.66

e.

$30,366.92