Multiple Choice
You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today.You will deposit your savings in an account that pays 5.2% interest.How much will you have just after you make the 3rd deposit, 3 years from now?
A) $11,973
B) $12,603
C) $13,267
D) $13,930
E) $14,626
Correct Answer:
Verified
Correct Answer:
Verified
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