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Your employer has agreed to place year-end deposits of $4,000, $3,000, $2,000 and $1,000 into your...

Your employer has agreed to place year-end deposits of $4,000, $3,000, $2,000 and $1,000 into your retirement account. The $4,000 deposit will be made today. The $3,000 deposit will be one year from today, the $2,000 deposit will be two years from today, and the $1,000 deposit will be three years from today. If your account earns 5% per year, how much money will you have in the account at the end of year three when the last deposit is made?

Select one:

A. $10,407.50

B. $10,727.88

C. $11,038.00

D. $10,202.50

E. $9,388.00

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