You want to buy a new sports car 3 years from now, and you plan to save $4,200 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? Pick the correct answer and show work.
Answer
A. $11,973
B. $12,603
C. $13,267
D. $13,930
E. $14,626