You want to buy a new sports car 3 years from now, and you plan to save $6,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?
A. $19,779.80
B. $17,233.89
C. $24,284.12
D. $19,583.96
E. $22,521.56
Answer: D
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