Mr. Smith wishes to purchase a $14,000 sailboat upon his retirement in 5 years. He has just won the state lottery and would like to set aside enough cash in a savings account paying 2.0% interest compounded quarterly to buy the boat upon retirement. How much should he deposit? Determine the formula and values that should be used to solve this problem if r represents the annual interest rate, i the interest rate per period, n the total number of interest periods, P the present value, and F the future value. Select the correct choice below and fill in the answer boxes to complete your choice. (Type integers or decimals. Simplify your answers. Do not include the $ symbol in your answers.) O A P=(1+i)"F=(1+) F OB PE 1 + nr OC. P=(1+r)F = (1+ F OD 1 + PE