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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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