How much money will you have in the account

Reference no: EM13271300

Your employer has agreed to place year-end deposits of $1,000, $2,000 and $3,000 into your retirement account. The $1,000 deposit will be one year from today, the $2,000 deposit two years from today, and the $3,000 deposit three years from today. If your account earns 7% per year, how much money will you have in the account at the end of year three when the last deposit is made?

A) $6,202.50 B) $6,000 C) $6,727.88 D) $6,284.90

Reference no: EM13271300

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