Thirteen Years Ago,you Deposited $2400 into a Superannuation Fund

Multiple Choice

Thirteen years ago,you deposited $2400 into a superannuation fund.Eight years ago,you added an additional $1000 to this account.You earned 8 per cent,compounded annually,for the first 5 years,and 5.5 per cent,compounded annually,for the last 8 years.How much money do you have in your account today?

A) $4666.67
B) $4717.29
C) $5411.90
D) $6708.15
E) $6946.59