You are saving money for your first house, and you plan to make regular deposits into a brokerage account earning 14%. Your first deposit of $5,000 will be made today. You also plan to make four additional deposits at the beginning of each of the next four years. Your plan is to increase your deposits by 10% a year. (That is, you plan to deposit $5,500 at t = 1, and $6,050 at t = 2, etc.) How much money will be in your account after five years? A) $24,697.40
B) $30,525.00
C) $32,485.98
D) $39,362.57
E) $44,873.90