Quesstion $16$

$4$ points

You want to go to Europe $7$ years from now, and you can save $$4,800$ per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return $9\mathrm{.}2\%$ per year. Under these conditions, which of the following formulas determines how much you would earn after you make the $7$ th deposit, $7$ years from now?

$\backslash$table$[[,$A$,$B$,$C$],[1,$Number of years,$7,],[2,$Savings,$4,800,$per year$],[3,$Interest,$9\mathrm{.}20\%,],[4,$Future value,?,$],[5,,,]]$

$=FV(B3,B2,B1,0)$

$=FV(B3,B1,-B2,0)$

$=FV(B\frac{3}{B}1,-B2,B1,0)$

$=FV(B3,B1,-B2**7,0)$