McGoff Company deposits $20,000 in a fund at the end of each year for 5 years. The fund pays interest of 4% compounded annually. The balance in the fund at the end of 5 years is computed by multiplying

$100,000 by 1.04.

$100,000 by 1.20.

$20,000 by the future value of 1 factor.

$20,000 by the future value of an annuity factor.