Question: 1 0 . If $ 1 , 0 0 0 is deposited each year for 5 years in an account that earns 8 % compounded

10. If $1,000 is deposited each year for 5 years in an account that earns 8% compounded annually, how much will be in the account at the end of the five years?
a. $1,469 b. $5,867
c. $1,477 d. $9,549

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