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A retailer of preschool supplies in Vandalia, Noahs Ark has a business account with Bradford National Bank. Using this account, Noahs Ark plans to save
A retailer of preschool supplies in Vandalia, Noahs Ark has a business account with Bradford National Bank. Using this account, Noahs Ark plans to save $23,500, $24,500, $26,500, and $28,000 at the end of each year for years 2021, 2022, 2023, and 2024, respectively. If the account yields 2.1%, how much will Noahs Ark have saved at the end of 2024?
(a) $100,878.30;
(b) $106,508.11;
(c) $105,608.11;
(d) $104,174.00; or
(e) $111,860.57.
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