Sarah is the recipient of a trust fund that she will receive over a period of 6 yr. Under the terms of the trust, she is to receive $11,000 the first year and each succeeding annual payment is to be increased by 17%. What is the total amount of the six payments she will receive? Please round the answer to the nearest cent.
a. $101,276.40
b. $101,273.20
c. $101,275.33
d. $101,263.61
e. $101,269.92
c. $101,275.33
Mathematics
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