Theresa Wants to Save $10,000 So That She Can Surprise

Multiple Choice

Theresa wants to save $10,000 so that she can surprise her husband with a vacation six years from now. She can earn 7% on her savings. How much more will she have to deposit if she waits one
More year before investing versus if she deposits one lump sum today?

A) $466.44
B) $469.15
C) $470.23
D) $471.08
E) $471.54