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Mr. X has deposited $4764 at the end of each year into a superannuation fund for the last 22 years. His investments earned j1=5.83% p.a.
Mr. X has deposited $4764 at the end of each year into a superannuation fund for the last 22 years. His investments earned j1=5.83% p.a. for the first 17 years and j1=8.79% p.a. for the remaining years. How much money does he have in his account 22 years after his final deposit?
a.
$337022.80
b.
$110918.31
c.
$230154.91
d.
$201762.81
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