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Best Bank pays 6%6 interest rate compounded monthly. However, your deponit will be annually. Your first deposit of $8000 will be made immediately (Year 0).

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Best Bank pays 6%6 interest rate compounded monthly. However, your deponit will be annually. Your first deposit of $8000 will be made immediately (Year 0). Additionally you will make the following deposit end of each years for 5 years Years 1 \& 2: 57000 cach year Years 3 : 4:$6000 each year Years 5:$5000 How much will be in the aceount at the end of five years? $46,194.01 $46.154.20 $52,190.80 $45,981.86 $46,095.54 $39.538.74

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