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You are hoping to buy a new boat 3 years from now, and you plan to save $5,300 per year, beginning one year from today.

You are hoping to buy a new boat 3 years from now, and you plan to save $5,300 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now? Select the correct answer. a. 16,724.73 b. 16,749.33 c. 16,716.53 d. 16,741.13 e. 16,732.93

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