Question 16

Starting at the end of this year, you plan to make annual deposits of $6,000 for 4 years followed by annual deposits of $10,000 for the following 5 years. The deposits earn interest of 4.5%. What will the account balance be at the end of 13 years?

		a) $89,136
		b) $92,507
		c) $96,003
		d) $99,628
		e) $103,386