Q-1: You are going to withdraw $1,000 at the end of each year for the next three years from an account that pays interest at a rate of 7% compounded annually. The account balance will reduce to zero when the last withdrawal is made. How much money will be in the account immediately after the second withdrawal is made? Select one:

a. $1,000.00

b. $2,000.00

c. $982.29

d. $925.93

e. $934.60