You Want to Open a Sushi Bar 3 Years from Now

Multiple Choice

You want to open a sushi bar 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