PWN the SAT Math Guide p. 112 (p. 110 in later printing) #3

PWN the SAT Math Guide p. 112 (p. 110 in later printing) #3:

Question relating to the exponent in the answer: It is a little unclear to me that the Value column indicates the value at the END of each year. The text states that the values represent “the value of his account in each of the next three years.” Must we presume that “in each” means at the END of each of those years, at which point the interest would have been accrued for that full year?