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Herbert plans to deposit 10 year-end amounts of $4,500 each into a savings account starting in...

Herbert plans to deposit 10 year-end amounts of $4,500 each into a savings account starting in exactly 3 years from today.. If he earns 4% p.a., how much will he have after the 10th deposit? Select one: a. $52,889.46 b. $53,998.54 c. $54,027.48 d. $55,112.68

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Answer #1

Hence the correct option is c.$54,027.48

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