One year ago, the Jenkins Family Fun Center deposited $4,700 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $6,500 to this account. They plan on making a final deposit of $8,700 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?

$25,011.27

$24,094.06

$25,631.64

$25,728.32

$26,708.51