You want to buy a new ski boat 2 years from now, and you plan to save $6,400 per year, beginning one year from today. You will deposit your savings in an account that pays 6.2% interest. How much will you have just after you make the 2nd deposit, 2 years from now?
A. $10,821
B. $13,197
C. $13,461
D. $11,481
E. $12,933
Answer: B
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