Tara deposits $1,000 in a retirement savings account at the beginning of each year. the account pays an interest rate of 5% compounded annually, and the interest is paid on the last day of the year. what is the balance in tara’s account at the end of the fourth year?
a. $4,310.13
b. $4,525.63
c. $5,525.63
d. $5,801.91

$4

step-by-step explanation:

$30×5=$150

$150 minus $130=$20

$20÷5=$4.

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