A Roth Individual Retirement Account allows you to draw a fixed amount that is not taxed. The maximum amount that an individual can contribute annually to a Roth IRA is $5,000. Determine the future value of such an account given that the annual percent rate is 1.2%, and an annual payment of $2,675.32 is made at the end of each year for 30 years. Round to the nearest cent.
a.
$95,245.67
b.
$95,340.91
c.
$97,074.97
d.
$95,923.88


Please select the best answer from the choices provided

A
B
C
D