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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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