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You are set to receive an inheritance from a distant relative, distributed in four separate deposits over six years. Simultaneously, you're earning an annual salary

You are set to receive an inheritance from a distant relative, distributed in four separate deposits over six years. Simultaneously, you're earning an annual salary of $74,000, treated as an annuity. Without withdrawing any funds, what will be the balance in your account at the end of the sixth year, assuming an annual interest rate of 8%? Year 1: $10,000
Year 2: 0
Year 3: $10,500
Year 4: $11,000
Year 5: 0
Year 6: $11,500

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