McGoff Company Deposits $20,000 in a Fund at the End

Multiple Choice

McGoff Company deposits $20,000 in a fund at the end of each year for five years.The fund pays interest of 4% compounded annually.The balance in the fund at the end of five years is computed by multiplying

A) $20,000 by the future value of 1 factor.
B) $100,000 by 1.04.
C) $100,000 by 1.20.
D) $20,000 by the future value of an annuity factor.