A cash deposit has been made at the beginning of each year


A cash deposit has been made at the beginning of each year over five years in the following amounts: $500, $560, $640, $720, and $800. At 8%, after the five years, this is worth:

a. $4,006 b. $3,685 c. $7,546 d. $4,987

Please show work & no excel

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Financial Management: A cash deposit has been made at the beginning of each year
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