Multiple Choice
You want to buy a new sports car 3 years from now,and you plan to save $6,700 per year,beginning one year from today.You will deposit your savings in an account that pays 5.2% interest.How much will you have just after you make the 3rd deposit,3 years from now?
A) $24,761.08
B) $26,454.15
C) $17,565.55
D) $21,163.32
E) $22,221.48
Correct Answer:
Verified
Correct Answer:
Verified
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