An Investor Is Considering Depositing $20,000 in an Account Earning

Multiple Choice

An investor is considering depositing $20,000 in an account earning 5% compounded quarterly for the next three years. Afterwards, he will take this amount and contribute $200 quarterly for the next
Four years at a rate of 4% compounded semi-annually. Finally, over the next two years, he will
Withdraw $1,000 annually at a rate of 3.5% compounded monthly. Determine the future value at the
End of this time period.

A) $33,833.94
B) $30,833.94
C) $27,833.94
D) $24,833.94
E) $21,833.94