Your employer has agreed to place year-end deposits of $2,000, $3,000 and $4,000 into your retirement account.

Question:

Your employer has agreed to place year-end deposits of $2,000, $3,000 and $4,000 into your retirement account. The $2,000 deposit will be one year from today, the $3,000 deposit two years from today, and the $4,000 deposit three years from today. If your account earns 8% per year, how much money will you have in the account at the end of year three when the last deposit is made?