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$1,000 deposits are made into an investment account at the end of year 1, 2, and 3. No deposit was made in year 4. Interest

  1. $1,000 deposits are made into an investment account at the end of year 1, 2, and 3. No deposit was made in year 4. Interest accrues at 5.0% monthly. What is the balance in the account at the end of Year 5?
    1. $3,666
    2. $3,487
    3. $3,476
    4. $3,649

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