A B D E Savings account 1 6% p.a. 2 Year 3 4 5 6 7 Balance beginning of Interest at New deposit Balance end year end of year of year 1 $ 10,000.00 $ 600.00 $10,000.00 $ 20,600.00 2 $ 20,600.00 $1,236.00 $10,000.00 $ 31,836.00 3 $ 31,836.00 $1,910.16 $10,000.00 $ 43,746.16 4 $ 43,746.16 $2,624.77 $10,000.00 $ 56,370.93 5 $ 56,370.93 $3,382.26 $10,000.00 $ 69,753.19 6 $ 69,753.19 $4,185.19 $10,000.00 83,938.38 7 $ 83,938.38 $5,036.30 $10,000.00 $ 98,974.68 8 $ 98,974.68 $5,938.48 $10,000.00 $ 114,913.16 9 $114,913.16 $6,894.79 $10,000.00 $131,807.95 8 9 10 11 Refer to the above screenshot relating to a savings schedule. To calculate the total interest paid up to the end of year 5, we are best to use: Select one: O a. =PMT(0.06, A $11,-B3) b. ECUMIPMT(0.06,10,0,0,5,1) C. =CUMIPMT(0.06,9,10000,1,5,0) d. =SUM(C3:07)