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You want to quit your job and go back to school for a law degree 5 years from now, and you plan to save $12,000

You want to quit your job and go back to school for a law degree 5 years from now, and you plan to save $12,000 per year, beginning immediately. You will make 5 deposits in an account that pays 2.0% interest. Under these assumptions, how much will you have 5 years from today?

A.) $60,000.00

B.) $61,200.00

C.) $62,448.48

D.) $63,697.45

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