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5 Jordan Shipp plans to make 6 anmual deposits of $ 5 0 0 each into an account eaming 8 . 4 percent ( per

5 Jordan Shipp plans to make 6 anmual deposits of $500 each into an account eaming 8.4 percent (per year) compounded monthly. If the first deposit is made today and the last deposit is made at t=5, how much will be in the account at t=12 if no more deposits were made after t=5?(Draw a time line.)
a. $6173.85
b. $6712.89
c. $6846.62
d. $6636.78
e. $6516.46
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