MANAGEMENT

BUISENESS MANAGEMENT

FINANCIAL MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Your employer has agreed to place year-end deposits of $1, 000, $2, 000 and $3, 000 into your retirement account. The $1, 000 deposit will be one year from today, the $2, 000 deposit two years from today, and the $3, 000 deposit three years from today. If your account earns 5% per year, how much money will you have in the account at the end of year three when the last deposit is made?
A
$6, 202.50
B
$6, 000
C
$6, 212.50
D
$6, 727.88
Explanation: 
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