11.3 You put $250 in the bank for 5 years at 12%.

A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year.

B. Use the future value of $1 table in Appendix B and verify that your answer is correct.