Question: If you are able to save $5000 in year 1, $5150 in year 2, and amounts increasing by 3% each year through year 20, the

If you are able to save $5000 in year 1, $5150 in year 2, and amounts increasing by 3% each year through year 20, the amount you will have at the end of year 20 at 10% per year interest is closest to:
(a) $60,810
(b) $102,250
(c) $351,500
(d) Over $410,000

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