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1.One year ago, the Jenkins Family Fun Center deposited $3,500 in an investment account for the purpose of buying new equipment four years from today.

1.One year ago, the Jenkins Family Fun Center deposited $3,500 in an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $5,300 to this account. They plan on making a final deposit of $7,500 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a 7 percent rate of return?

Please assist with steps to equate using a BA II Plus Calculator

A.$21,043.97

B.$19,904.20

C.$18,466.04

D.$19,759.72

E.$20,429.69

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