You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $8,800 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. $32,408.12
B. $35,243.83
C. $34,838.73
D. $40,510.15
E. $48,207.08
Answer: D
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