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Assume you deposit $20,000 today (t=0) into an account earning 5 percent p.a. If you do not make any other deposits or withdrawals, the balance

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Assume you deposit $20,000 today (t=0) into an account earning 5 percent p.a. If you do not make any other deposits or withdrawals, the balance in this account at the of year 10 (t=10) will be $ 1) 32,577.89 2) 51,874.85 3) 35,816.95 4) 43,125.97 5) 25.525.63

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