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4. You deposit $8,000 in a bank account today. You make another deposit of $14,000 into the account in year one and you make a

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4. You deposit $8,000 in a bank account today. You make another deposit of $14,000 into the account in year one and you make a third deposit of $10,000 in year two. The bank pays interest at 8 percent compounded annually. How much will you have in your account in year 3? * a) $37,207 b) $35,207 c) $39,207 d) $40,502 e) None of the above

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