One year ago, the Jenkins Family Fun Center deposited $3,400 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $5,200 to this account. They plan on making a final deposit of $7,400 to the account next year. How much will b available when they are ready to buy the equipment, assuming they earn a rate of return of 6 percent? Multiple Choice $19,928.37 $18,516.29 $17,421.48 Check $19,019.26

One year ago, the Jenkins Family Fun Center deposited $3,400 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $5,200 to this account. They plan on making a final deposit of $7,400 to the account next year. How much will b avallable when they are ready to buy the equipment, assuming they earn a rate of return of 6 percent? Multiple Choice $19,928.37 $18,51629 $17,421.48 $19.01926