You Want to Buy a New Ski Boat 2 Years

Multiple Choice

You want to buy a new ski boat 2 years from now,and you plan to save $2,900 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) $6,099
B) $5,980
C) $7,056
D) $5,262
E) $6,877