To save for a down payment to buy a house in 5 years, you decide to make 6 equal annual deposits of $15,000 each in to a fund expected to earn 6% APR compounded annually with the first annual deposit made today and the 6 ^th deposit made 5 years from today. How much money will you have as a down payment for your house in 5 years after makint the last deposit?

a.
$104,630

b.
$110,908

c.
$90,000

d.
$89,630

e.
$84,566

Question

To save for a down payment to buy a house in 5 years, you decide to make 6 equal annual deposits of $15,000 each in to a fund expected to earn 6% APR compounded annually with the first annual deposit made today and the 6 ^th deposit made 5 years from today. How much money will you have as a down payment for your house in 5 years after makint the last deposit?

	a.	$104,630
	b.	$110,908
	c.	$90,000
	d.	$89,630
	e.	$84,566

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Question

To save for a down payment to buy a house in 5 years, you decide to make 6 equal annual deposits of $15,000 each in

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