You Want to Buy a New Sports Car 3 Years

Multiple Choice

You want to buy a new sports car 3 years from now,and you plan to save $6,200 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) $19,779.80
B) $17,233.89
C) $24,284.12
D) $19,583.96
E) $22,521.56