Drew Wallace Has Made Deposits at the End of Each

question 45

Multiple Choice

Drew Wallace has made deposits at the end of each year into a registered savings account for the past 10 years,with his final deposit being made today.He deposited $2500 for the first 5 years and $2000 for the last 5 years.The account earned interest at j = 8%.How much is in his account today (just after his final deposit) ? (answer to the nearest dollar)

• A)$17,967
• B)$22,652
• C)$26,400
• D)$33,283

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