Ryan invests$10,000 in a fund earning 3% effective. He withdraws the interest earned at the end of each year and reinvest it in another fund earning 8% effective.

How much does Ryan have in total at the end of 16 years?

Ryan invests $10,000 in a fund earning 3% effective. He withdraws the interest earned at the end of each year and reinvest it in another fund earning 8% effective. How much does Ryan have in total at the end of 16 years? Possible Answers A 9097 a 14800 c 16047