Given a 10 Percent Interest Rate, Compute the Year 9

Multiple Choice

Given a 10 percent interest rate, compute the year 9 future value if deposits of $10,000 and $20,000 are made in years 1 and 5 respectively, and a withdrawal of $5,000 is made in year 7.

A) $44,667.89
B) $45,103.47
C) $46,585.66
D) $47,002.89