You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $5,000 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. $16,614.78
B. $17,943.97
C. $17,445.52
D. $18,442.41
E. $14,953.30
Answer: A
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