10. You plan to fund your individual retirement account (IRA) with the contribution of

$5,000 at the beginning of each year for the next 30 years. If the annual interest rate

is 4%, how much will he have at the end of the 30^th year?

1. $150,000
2. $280,425
3. $291,642
4. none of the above; the correct answer is ____