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Today is your 21st birthday. Your parents just gave you $10,000 that you plan to use to open a stock brokerage account. Your plan is
Today is your 21st birthday. Your parents just gave you $10,000 that you plan to use to open a stock brokerage account. Your plan is to add $4,000 on your 22nd birthday, followed by $5,000 on your 23rd birthday, and $6,000 on your 24th birthday. How much money do you anticipate that you will have in the account on your 25th birthday, if your account earns 11% interest compounded daily?
A)$21,909.88
B)$25,991.91
C)$34,017.37
D)$30,474.43
E)$37,972.21
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