Suppose That Immediately After Graduation You Invested $3,000 Each Year

Multiple Choice

Suppose that immediately after graduation you invested $3,000 each year for 15 years and nothing thereafter.You earn 10% on this money.Which of the following is closest to the amount of money you would you have on deposit when you retired in 40 years (25 years after the deposits stopped) ?

A) $47,812
B) $523,482
C) $834,295
D) $1,032,736