Multiple Choice
You want to buy a new ski boat 2 years from now,and you plan to save $7,000 per year,beginning one year from today.You will deposit your savings in an account that pays 6.2% interest.How much will you have just after you make the 2nd deposit,2 years from now?
A) $15,156
B) $14,434
C) $16,599
D) $17,609
E) $14,290
Correct Answer:
Verified
Correct Answer:
Verified
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