Matthew invests$1000 at the end of each year for 7 years in a fund earning 8% effective. He reinvests the interest earned at the end of each year at 3% effective.

How much does Matthew have in total at the end of 7 years?

Matthew invests $1000 at the end of each year for 7 years in a fund earning 8% effective. He reinvests the interest earned at the end of each year at 3% effective. How much does Matthew have in total at the end of 7 years? Possible Answers A 7517 a 8756 C 8767