Question $9$

One year ago, Lou Marshall, Inc. deposited $$12,660$ in an investment account for the purpose

of buying new equipment five years from today. Today, it is adding another $$14,725$ to this

account. The company plans on making a final deposit of $$11,711$ to the account one year

from today. How much will be available when it is ready to buy the equipment, assuming the

company earns $12\mathrm{.}42\%$ APR on its invested funds? Choose the closest amount.

$$55,943\mathrm{.}56$

$$70,202\mathrm{.}72$

$$62,891\mathrm{.}76$

$$79,484\mathrm{.}21$

$$70,702\mathrm{.}91$