First investment to be made today


What amount will be in a bank account three years from now if $5,000 is invested each year for four years with the first investment to be made today?

a. ($5,000 x 1.260) + ($5,000 x 1.166) + ($5,000 x 1.080) + $5,000

b. $5,000 x 1.360 x 4

c. ($5,000 x 1.080) + ($5,000 x 1.166) +($5,000 x 1.260) +

d. ($5,000 x 1.360)

e. $5,000 x 1.080 x 4

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