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 $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