Question: Suppose you plan to contribute $5,000 every year to a retirement account paying 7 percent. If you retire in 27 years. What is the future

Suppose you plan to contribute $5,000 every year to a retirement account paying 7 percent. If you retire in 27 years. What is the future value of this annuity?

a. $372,319.11

b. $372,419.11

c. $372,416.11

d. $372,619.11

e. $373,419.11

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