You Want to Purchase a Motorcycle 4 Years from Now

question 106

Multiple Choice

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

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