Question: Ryan invests 1 0 0 , 0 0 0 in Fund A today which earns an annual effective interest rate of 6 % interest. The

Ryan invests 100,000 in Fund A today which earns an annual effective interest rate of 6% 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 7.00%. The interest on Fund B is also paid at the end of each year into Fund C which earns an annual effective interest rate of 8.00%. At the end of 12 years, Ryan liquidates all three Funds. How much does Ryan have? (Round your answer to the nearest two decimal places)

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