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
Correct Answer:
Verified
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