Question

$1000 is deposited at EOY 0 into an account paying 10% compounded semiannually (10%/yr/semi) for the...

$1000 is deposited at EOY 0 into an account paying 10% compounded semiannually (10%/yr/semi) for the first three years, 12% compounded quarterly (12%/yr/qtr) for the next two years and 11% compounded annually (11%/yr/yr) for the remainder of the time. How much will be in the account after 10 years?

a. $2813.38

b. $2860.54

c. $3090.42

d. None of the above

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