If you deposit $5,000 today, and five hundred dollars at the end of each year for the next 20 years into an account that earns 4.

Posted on March 14, 2023 | by My Assignment Writer

If you deposit $5,000 today, and five hundred dollars at the end of each year for the next 20 years into an account that earns 4.25% per year, how much will you have accumulated 20 years from today?

Select one:

a. $20,281.25

b. $22,615.53

c. $24,571.44

d. $26,775.78

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