If $ 1,000 is deposited into a savings account at the beginning of each year for 20 years (a total of 20 deposits) and the account pays 7% interest compounded annually, the value in the account at the end of the 20 years will be close to : Select one: a. $ 43,865 b. $ 46,936 c. $ 21,400 d. No correct answer is provided. e. $ 40,996