You Will Receive a Stream of Annual $70 Payments to Begin

Multiple Choice

You will receive a stream of annual $70 payments to begin at the end of year 0 until the final payment at the end of year 5.What amount will you have at the end of year 5 if you can invest all amounts at a 11% interest rate?

A) $350.00
B) $420.00
C) $553.90
D) $614.83