You need to have $30,250 in 17 in years. You can earn an annual interest rate of 4 percent for the first 5 years, 4.6 percent for the next 4 years, and 5.3 percent for the final 8 years. How much do you have to deposit today?

Multiple Choice

$13,740.58

$12,740.15

$15,529.54

$11,665.90

$13,597.47