Based on the payment made into the account every year and the interest rate, the amount in the account after 25 years should be $187.159.62
The amount is constant which makes it an annuity.
The future value of an annuity is:
= Amount x ( ( 1 + rate) ^ Number of years - 1) / Rate
Solving gives:
= 5,000 x ( ( 1 + 3.2%) ²⁵ - 1) / 3.2%
= $187.159.62
In conclusion, the amount would be $187,159.62
Find out more about future annuity value at https://brainly.com/question/24346365.
