Answer:
d. $344.22
Step-by-step explanation:
Timothy invested:
in February: 2 x $1,000 x 94.593% = $1,891.86
in June: 2 x $1,000 x 92.661% = $1,853.22
in August: $1,000 x 105.48% = $1,054.80
total investment = $4,799.88
he sold the 5 bonds in October at 102.882 each, so he received 5 x $1,000 x 102.882% = $5,144.10
his total profit = $5,144.10 - $4,799.88 = $344.22