John Wants to Have $6,215 in 13 Years to Buy

Multiple Choice

John wants to have $6,215 in 13 years to buy a Laser 2 sailboat with a spinnaker and trapeze.After he has owned the boat for 15 years he will need $2,500 for hull maintenance.How much must he deposit at the end of each year for the next 13 years to save enough money for the purchase and maintenance? His savings account pays 9%.

A) $300.67
B) $267.61
C) $213.02
D) $270.77
E) $211.68