You want to purchase a motorcycle 4 years from now, and you plan to save $3, 500 per year, beginning immediately.You will make 4 deposits in an account that pays 5.7% interest.Under these assumptions, how much will you have 4 years from today?
A) $16, 112
B) $16, 918
C) $17, 763
D) $18, 652
E) $19, 584
Correct Answer:
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