-16 One year ago, the Jenkins deposited $3,600 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $5,400 to this account. They plan on making a final deposit of $7,600 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a rate of return of 8 percent? Multiple Choice O $22,210.03 $21,013.44 $19,595.58 $20,854.22

One year ago, the Jenkins deposited $3,600 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $5,400 to this account. They plan on making ofinal deposit of $7,600 to the account next year. How much will be avaleble when they are ready to buy the equipment, assuming they earn a rate of return of 8 percent? Multiple Choice 52221003 $21,013.44 $19,59558 $20,854.22