You Are Saving Money for a Down Payment on a New

Multiple Choice

You are saving money for a down payment on a new house.You intend to place $5,000 at the end of each year for three years into an account earning 6% per year.At the end of the fourth year,you will place $10,000 into this account.How much money will be in the account at the end of the fourth year?

A) $26,873.08
B) $26,518.17
C) $25,918.00
D) $25,000.00