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Ryan invests 100,000 in Fund A today which earns an annual effective interest rate of 4.5% interest. The interest on Fund A is paid at
Ryan invests 100,000 in Fund A today which earns an annual effective interest rate of 4.5% interest. The interest on Fund A is paid at the end of each year into Fund B which earns an annual effective interest rate of 5.5%. The interest on Fund B is also paid out at the end of each year into Fund C which earns an annual effective interest rate of 6.5%. At the end of 12 years, Ryan liquidates all three Funds.
How much does Ryan have?
(Round your answer to the nearest 2 decimal places.)
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