Question

Scott deposits $5,000 at the end of each year into an account for five years. Assuming 6% interest semiannually, what is the value of his account in five years?

Select one:
a. $67,060
b. $21,873
c. $30,100
d. $28,185.50
e. None of these

Answer 1

I think the answer is d 28185.50 dollars.