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You expect to save $5,000 in year 3 , $6,000 in year 4 , and amounts increasing by $1,000 each year through year 20 .
You expect to save $5,000 in year 3, $6,000 in year 4, and amounts increasing by $1,000 each year through year 20. If your investments earn 10% per year, the amount you will have at the end of year 20 is closest to:
a) $227,996
b) $74,915
c) $503,988
d) $275,990
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