Solve the Problem $\begin{array} { l c } \text { Annual rate of return: } & 5 \% \\ \text { Number of years: } & 10 \end{array}$

Multiple Choice

Solve the problem.
-Find the final value, after all taxes are paid, for the following retirement account. Assume that taxes are not deferred and that deposits are made at the end of each year. $\begin{array} { l c } \text { Marginal tax rate: } & 28 \% \\ \text { Regular deferred contribution: } & \$ 2500 \\ \text { Annual rate of return: } & 5 \% \end{array}$
$\begin{array} { l c } \text { Annual rate of return: } & 5 \% \\ \text { Number of years: } & 10 \end{array}$

A) $\$ 21,214.36$
B) $\$ 20,365.78$
C) $\$ 23,547.94$
D) $\$ 22,062.93$