You have just started a new job and plan to save $4,700 per year for 44 years until you retire. You will make your first deposit in one year. How much will you have when you retire if you earn an annual interest rate of 10.24 percent?

$2,990,674.36

$3,146,146.89

$3,301,619.42

$3,158,070.75

$3,187,770.47