Ellen is 40 years old and she has decided it is time to plan seriously for her retirement. At the end of each year until she is 65, she will save $15,000 in a retirement account. If the account earns 5% per year, how much will Ellen have in her account at age 65?

Select one:

a. $658,554.10

b. $715,906.48

c. $963,732.55

d. $966,690.21