You currently have $3,000.00 in an account and plan on depositing $2,500.00 into the account each year, starting in 1 year. If the account earns an annual effective interest rate of 6.70%, how much will be in the account (what is the future value) in 5 years, just after making your final deposit?

$16,741

$16,672

$17,377

$18,440

$18,740