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5. Super Star, Inc. gives out an employee of the year award every year. This employee receives a bomus of $1,000 on the day he

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5. Super Star, Inc. gives out an "employee of the year" award every year. This employee receives a bomus of $1,000 on the day he or she is selected and another $1,000 for every year he or she remains with the firm, up to a maximum of 40 years. At a 4.7 percent APR, what is the maximum value of this award at the time the recipient is selected? a. $16,118 b. $17,231 c. $18,728 d. $19,420

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