Tony plans to deposit $1,000 at the end of each of the next three years.If his funds earn 5% compounded annually,how much will he have at the end of three years?
A) $3,150.00
B) $3,175.50
C) $3,152.50
D) $3,500.00
E) $4,310.10

Name: Tony plans to deposit $1,000 at the end of each of the next three years.If his funds earn 5% compounded annually,how much will he have at the end of three years? A) $3,150.00 B) $3,175.50 C) $3,152.50 D) $3,500.00 E) $4,310.10
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Question

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The Answer is C

Tony Plans to Deposit $1,000 at the End of Each