Please help anyone?

Jessica deposits $5,000 at the end of each year in an account earning 2.45% interest, compounded annually. What is the future value of this annuity after 5 years of investing?

$25,246.20

$13,127.69

$52,510.76

$26,255.38

Question

Please help anyone?

Jessica deposits $5,000 at the end of each year in an account earning 2.45% interest, compounded annually. What is the future value of this annuity after 5 years of investing?

 $25,246.20

 $13,127.69

 $52,510.76

 $26,255.38

anonymous · Answer

A. $25,246. 20

anonymous · Answer

Could you show me the work please?

anonymous · Answer

5000 times 5 to start, because she adds this much at the end of each year. This gives you 25,000.
Now you can eliminate B and C. 
Next, plug everything into the equation A=P*e^rt. This should give you A. $25, 246.20.

anonymous · Answer

Thanks :)