Question: 5 . Xiang invests $ 2 5 , 0 0 0 per year, starting in one year, for 2 0 years at an interest rate

5. Xiang invests $25,000 per year, starting in one year, for 20 years at an interest rate of 7%. What is the value of the investment at the end of the 20 years?
a) $1,096,629
b) $1,024,887
c) $283,390
d) $264,850

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