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You invest in your savings account $1,000 today, $2,500 at the end of year one and $2,000 at the end of year three. If the
You invest in your savings account $1,000 today, $2,500 at the end of year one and $2,000 at the end of year three. If the interest rate is 7.2% per annum, compounded annually, then the amount you will have in exactly three years is closest to:
A. $6,249
B. $5,312
C. $6,544
D. $6,105
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