Solved

You Want to Purchase a Motorcycle 4 Years from Now

Question 115

Multiple Choice

You want to purchase a motorcycle 4 years from now, and you plan to save $3,500 per year, beginning immediately.You will make 4 deposits in an account that pays 5.7% interest.Under these assumptions, how much will you have 4 years from today?


A) $16,112
B) $16,918
C) $17,763
D) $18,652
E) $19,584

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions