Xiang Invests $25,000 Per Year,starting in One Year,for 20 Years

Multiple Choice

Xiang invests $25,000 per year,starting in one year,for 20 years at an interest rate of 7%.What is the value of the investment at the end of the 20 years?

A) $1,096,629.42
B) $1,024,887.31
C) $283,389.88
D) $264,850.36