Xiang Invests $25,000 Per Year, Starting in One Year, for 20

Multiple Choice

Xiang invests $25,000 per year, starting in one year, for 20 years at an interest rate of 7%.What is the value of the investment at the end of the 20 years?

A) $1,096,629
B) $1,024,887
C) $283,390
D) $264,850