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Ronaldo is currently studying at Concordia. He has decided that when he graduates he will invest $3,000 three years from today, and invest $2,000 five

Ronaldo is currently studying at Concordia. He has decided that when he graduates he will invest $3,000 three years from today, and invest $2,000 five years from today, all at a rate of 8%, compounded monthly. How much money will Ronaldo have 10 years from now? Select one: a. $8,352 b. $7,957 c. $8,222 d. $8,661

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