One year ago, the Jenkins family fund center deposited $4,900 in an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $6,700 to this account. They plan on making a final deposit of $8,900 to the account next year. How much would be able when they are ready to buy the equipment assuming the earn a 6 percent rate of return?
-$24,899.62
-$25,615.94
-$23,103.06
-$24,372.83
-$24,325.49