Question: Can someone else please help with this question? The above answer of 465,254.85 is not correct. Thank you so much for your help! Here is

Can someone else please help with this question? The above answer of 465,254.85 is not correct. Thank you so much for your help!

Here is the question and choices. Please show me step by step how to solve this. Suppose you plan to invest $5,000 each year (beginning at the end of this year) into a retirement account that will pay 12%. What will be the value of the retirement account if you plan to retire in 40 years? (Assume the retirement account has a zero balance currently.)

$4,295,711.95

$3,835,457.10

$4,015,882.91

$41,218.88

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