question 28

Cara plans to deposit $1,000 at the end of years 4, 5, 6, 7, 8, 9 and 10 into an account that pays interest of 8.25 percent p.a. If these are the only deposits that Cara makes into the account, and if Cara does not withdraw any money from the account, how much money will Cara have in her account exactly 20 years from today? 1) $16,079.67 2) $35,526.81 3) $24,069.55 4) $43.180.79 5) $19,865.75