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You want to buy a new ski boat 2 years from now, and you plan to save $5,700 per year, beginning one year from today.

You want to buy a new ski boat 2 years from now, and you plan to save $5,700 per year, beginning one year from today. You will deposit your savings in an account that pays 5.5% interest. How much will you have just after you make the 2nd deposit, 2 years from now?

a. $6,382.80
b. $11,713.50
c. $12,357.74
d. $18,057.74
e. $12,027.00

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