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Purchase a motorcycle

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You want to purchase a motorcycle 4 years from now, and you plan to save $3,500 per year, beginning immediately. You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today?

a. $16,112

b. $16,918

c. $17,763

d. $18,652

e. $19,584

Reference no: EM131190503

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