A manufacturer of prototyping equipment wants to have $3,000,000 available 10 years from now so that a new product line can be initiated. If the company plans to deposit money each year, starting 1 year from now, the equation that represents how much the company is required to deposit each year at 10% per year interest to have the $3,000,000 immediately after the last deposit is:
(a) 3,000,000(A?F,10%,10)
(b) 3,000,000(A?F,10%,11)
(c) 3,000,000 + 3,000,000(A?F,10%,10)
(d) 3,000,000(A?P,10%,10)
(a) 3,000,000(A?F,10%,10)
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