You want to purchase a motorcycle 4 years from now, and you plan to save $3,500 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. $16,112
B. $16,918
C. $17,763
D. $18,652
E. $19,584


Answer: A

Business

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