You want to open a sushi bar 3 years from now, and you plan to save $7,000 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.
$23,261
b.
$22,098
c.
$20,993
d.
$25,645
e.
$24,424