<em>interpret it that there are three payments of 50,000 aside from the current deposit of 110,000</em>
<em>amount after 3 years</em>
<em>= 110,000(1.05)^3 + 50,000( 1.05^3 - 1)/.05</em>
<em></em>
Steps:
5.15*1.09*12 = total
5.6135*12 = total
$67.36= total
Answer: $67.36
