You Want to Open a Sushi Bar 3 Years from Now

Multiple Choice

You want to open a sushi bar 3 years from now, and you plan to save $7,000 per year, beginning immediately.You will make 3 deposits in an account that pays 5.2% interest.Under these assumptions, how much will you have 3 years from today?

A) $20,993
B) $22,098
C) $23,261
D) $24,424
E) $25,645