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You are scheduled to receive $30,000 two years from today. When you receive it, you will invest it for 5 more years, at 6 percent

You are scheduled to receive $30,000 two years from today. When you receive it, you will invest it for 5 more years, at 6 percent per year. How much money will you have 7 years from now?

A.

$38,909.19

B.

$47,209.19

C.

$39,381.16

D.

$51,414.73

E.

$40,146.77

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