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Solve the Problem $5000\$ 5000 At the End of Each Year for 15 Years in End

Question 39

Multiple Choice

Solve the problem.
-If Bob deposits $5000\$ 5000 at the end of each year for 15 years in an account paying 6%6 \% interest compounded annually, find the amount he will have on deposit.


A) $105,075.33\$ 105,075.33
B) $128,362.64\$ 128,362.64
C) $111,379.85\$ 111,379.85
D) $116,379.85\$ 116,379.85

Correct Answer:

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