Question: (S.O. 6) Kimberly Nelson, a computer programmer, wishes to create her own retirement fund. Kimberly deposits $4,000 today in a fixed rate savings account that

(S.O. 6) Kimberly Nelson, a computer programmer, wishes to create her own retirement fund. Kimberly deposits $4,000 today in a fixed rate savings account that earns 5% interest.

She plans to deposit $4,000 every year for the next 24 years (total of 25 deposits). How much cash will she have accumulated in her retirement account when she retires in 25 years?

A. $186,908 B. $190,908 C. $194,908 D. $200,454

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