You Are Hoping to Buy a New Boat 3 Years

question 40

Multiple Choice

You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 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) $11,973
• B) $12,603
• C) $13,267
• D) $13,930
• E) $14,626

---

Definitions:

Private-label Brand

Products manufactured by one company for sale under another company's brand, typically offered as lower-cost alternatives to national brands in retail stores.

National Brand

A brand that is marketed and recognized across an entire country, offering a consistent product or service quality and experience.

Huge Retailer

A significantly large and often multinational company that sells goods directly to consumers, encompassing a wide variety of merchandise under one roof or through online platforms.

Adventure Travel

A type of tourism that involves exploration or travel to remote, exotic, and possibly hazardous areas, offering a unique and potentially challenging experience.