1 Year Ago,the Jenkins Center Opened an Investment Account and Deposited

Multiple Choice

1 year ago,the Jenkins Center opened an investment account and deposited $5,000.Today,it is depositing an additional $6,000 and will make a final deposit of $7,500 1 year from now.How much will the firm have saved 3 years from now if it earns an average annual return of 6.5 percent?

A) $19,159.67
B) $22,430.84
C) $23,628.86
D) $20,832.60
E) $22,186.72