A manufacturer of prototyping equipment wants to have $3,000,000 available 10 years from now so that a new product line can be initiated. If the company plans to deposit money each year, starting 1 year from now, the equation that represents how much the company is required to deposit each year at 10% per year interest to have the $3,000,000 immediately after the last deposit is:

(a) 3,000,000(A∕F,10%,10)

(b) 3,000,000(A∕F,10%,11)

(c) 3,000,000 + 3,000,000(A∕F,10%,10)

(d) 3,000,000(A∕P,10%,10)