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If $15.000 is invested annually in an account with 9% interest compounding yearly, what will the balance of the account be after five years? Refer

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If $15.000 is invested annually in an account with 9% interest compounding yearly, what will the balance of the account be after five years? Refer to the following Future Value table: Future value of annuity of $1: 1 1 2 3 7% 0.935 1.808 2.624 3.387 4.1 4.767 5.389 8% 0.926 1.783 2.577 3.312 3.993 4.623 5.206 9% 0.917 1.759 2.531 3.24 3.89 4.486 5.033 5 4 5 6 7 $26,211 $58,350 O $25,125 $26,180

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