Use the following information in solving the following question(s).
You are going to pay $100 into an account at the beginning of each of the next 40 years.At the beginning of the 41st year,you buy a 30-year annuity whose first payment comes at the end of the 41st year (the account pays 12%).
-How much money will be in the account at the end of year 40 (round to the nearest $1,000)?
A)$77,000
B)$86,000
C)$69,000
D)$93,000

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The Answer of Use the following information in solving the following question(s).
You are going to pay $100 into an account at the beginning of each of the next 40 years.At the beginning of the 41st year,you buy a 30-year annuity whose first payment comes at the end of the 41st year (the account pays 12%).
-How much money will be in the account at the end of year 40 (round to the nearest $1,000)?
A)$77,000
B)$86,000
C)$69,000
D)$93,000

Use the Following Information in Solving the Following Question(s)