question 14

Assume you deposit $200 per year into an account earning 11% p.a. If the first deposit is made exactly one year from today (t=1) and the last deposit is made exactly 7 years from today (t=7), then the account would be worth $ exactly 10 years from today (t=10). 01) $1,897.43 2) $2,675.98 3) $1,400.00 4) $1,956.65 5) $2,525.48