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Your bank account pays a nominal interest rate of 6 percent per annum. Your plan is to deposit $ 5 0 0 in the account

Your bank account pays a nominal interest rate of 6 percent per annum.
Your plan is to deposit $500 in the account today.
You also plan to deposit $1,000 in the account at the end of each of the next three (3) years.
How much will you have in the account at the end of three years, after making your final deposit?
a. $3,745
b. $2,591
c. $3,788
d. $3,500
e. $3,164

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