$On$ January $1,2020,$ Kline Company decided $to$ begin accumulating a fund for asset replacement five years later. The company plans $to$ make five annual deposits $of$ $$60,000at9\%$ each January $1$ beginning $in2020.$ What will $be$ the balance $in$ the fund, $on$ January $1,2025(one$ year after the last deposit$)?$

Example $of$ Answer: $4000(No$ comma, space, decimal point, $or$ $ sign$)$ Round: $2\mathrm{.}31=2$; $2\mathrm{.}65=3$