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. Eddie is 3 1 years old now, he had $ 5 , 0 0 0 in his saving account when he was 2 0

.Eddie is 31 years old now, he had $5,000 in his saving account when he was 20 years old and he planned to contribute $5,000 into this account every year. However, he lost his job several years ago, so he had to stop put money in during his 26 and 27(that is, no cash inflow to his account at age 26 and 27). Fortunately, he got a better job and start to contribute $7,000 at age 28. He planned to increase this amount by 5% each year after. Suppose the bank account earns 12% p.a., compounded annually. What is the value of this account now? Choose the closest one.
a) $115,891 b) $125,501 c) $80,089 d) $33,315

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