Question: You want to buy a condo 5 years from now, and you plan to save $3,000 per year, beginning one year from today. You will

You want to buy a condo 5 years from now, and you plan to save $3,000 per year, beginning one year from today. You will deposit the money in an account that pays 6% interest. How much will you have just after you make the 5th deposit, 5 years from now?

A.

$13,431.83

B.

$17,843.15

C.

None of the other options provided.

D.

$16,911.28

E.

$12,637.09

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