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You want to go to grad school 3 years from now, and you can save $5,000 per year, beginning one year from today. You plan
You want to go to grad school 3 years from now, and you can save $5,000 per year, beginning one year from today. You plan to deposit the funds in a mutual fund which you expect to return 9% per year. Under these conditions, how much will you have just after you make the 3rd deposit, 3 years from now?
A. $17,513.68
B. $16,390.50
C. $17,976.84
D. $18,349.15
E. $16,110.34
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