Scott Deposits $5,000 at the End of Each Year into an Account

question 69

Multiple Choice

Scott deposits $5,000 at the end of each year into an account for five years. Assuming 6% interest annually, what is the value of his account in five years?

• A)$67,060
• B)$21,873
• C)$30,100
• D)$28,185.50
• E)None of these

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