URGENT!!!! 10 MINS

You decide to start a new savings plan and have established a new bank account. You plan to deposit AUD5,000 in this account at end of each year for the next 5 years. What will be the balance in the account at end of the fifth year, after you make your last deposit? Assume the annual interest rate is 7%.

Select one:

A. AUD 28,315

B. AUD 29,321

C. AUD 27,754

D. AUD 28,754

E. AUD 25,000