You want to buy new kitchen appliances 2 years from now, and you plan to save $8,200 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. $15,260
B. $16,063
C. $16,908
D. $17,754
E. $18,642
Answer: C
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