Question: please explain your answer 63. Georgia deposits $4.000 every three months for five years. The first deposit is made on March 31, 2016, and the

please explain your answer

63. Georgia deposits $4.000 every three months for five years. The first deposit is made on March 31, 2016, and the last deposit is made on December 31, 2020. The fund carns 16% and interest is compounded quarterly. How much money will Georgia have on December 31, 2020, immediately after her last deposit? Factors for future value of an annuity of S1 are a. $123,876 b. $119,112 c. $110,034 d. $107.508

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