You Want to Quit Your Job and Return to School

Multiple Choice

You want to quit your job and return to school for an MBA degree 3 years from now,and you plan to save $5,000 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) $16,614.78
B) $17,943.97
C) $17,445.52
D) $18,442.41
E) $14,953.30