Stinson Company deposits $25,000 in a fund at the end of each year for 8 years. The fund pays interest of 4% compounded annually. The balance in the fund at the end of the 8 years is computed by multiplying

Question 5 options:

a)	$25,000 by the future value of 1 factor

b)	$25,0000 by 1.04

c)	$200,000 by 1.32

d)	$25,000 by the future value of an annuity factor