Your Department at Work Places $10,000 Every Year-End into an Account

Multiple Choice

Your department at work places $10,000 every year-end into an account earning 5%. The money is used when the corporate office fails to fully finance your profitable projects. The money has not been touched since a deposit was made exactly five years ago. If the most recent deposit was made today, how much money is currently in the account?

A) $55,256.31
B) $60,000
C) $65,256.31
D) $68,019.13