You want to open a sushi bar 3 years from now, and you plan to save $7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5.2% interest. Under these assumptions, how much will you have 3 years from today?
A. $20,993
B. $22,098
C. $23,261
D. $24,424
E. $25,645
Answer: C
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