Terry Jones, a $22-$year$-$old college graduate, wishes to retire at age $65.$ To supplement other sources of retirement income, he can deposit $$5,000$ each year into a tax$-$deferred individual retirement account $($IRA$).$ The IRA will earn an $11\%$ return over the next $43$ years.

$24.$ If Terry makes annual end$-$of$-$year $$5,000$ deposits into the IRA, how much will he have accumulated by the end of his ${65}^{th}$ birthday?

A$.$ $$49,437\mathrm{.}55$

B$.$ $$2,420,461\mathrm{.}92$

C$.$ $$3,995,327\mathrm{.}33$

D$.$ $$4,394,860\mathrm{.}06$

E$.$ None of the above

$25.$ If Terry makes annual beginning$-$of$-$year $$5,000$ deposits into the IRA, how much will he have accumulated by the end of his ${65}^{th}$ birthday?

A$.$ $$49,437\mathrm{.}55$

B$.$ $$242,046\mathrm{.}19$

C$.$ $$2,420,461\mathrm{.}92$

D$.$ $$4,434,813\mathrm{.}33$

E$.$ None of the above