7 an individual deposits an annual bonus into a savings account that p
Question
7. An individual deposits an annual bonus into a savings account that pays 6% interest compounded annually. The size of the bonus increases by $5,000 each year, and the initial bonus amount was $20,000. Determine how much will be in the account immediately after the fifth deposit. Immediately after the fifth deposit there will be $____thousand in the account. (Round to the nearest whole number.)