You want to buy new kitchen appliances 2 years from now, and you plan to save $8, 200 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, 260
B) $16, 063
C) $16, 908
D) $17, 754
E) $18, 642
Correct Answer:
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