Solve the Problem $1 \%$ Initial Deposit $\quad \$ 2500$ Annual Rate of Return

Multiple Choice

Solve the problem.
-Find the future value (to the nearest dollar) of the following inflation-adjusted retirement account. Deposits are made at the end of each year. Annual inflation rate: $1 \%$
Initial deposit: $\quad \$ 2500$
Annual rate of return: $5 \%$
Number of years: 20

A) $\$ 85,091$
B) $\$ 103,005$
C) $\$ 97,630$
D) $\$ 89,569$