Business, 11.02.2020 18:24 Justus4215
One year ago, the Jenkins Family Fun Center deposited $5,300 in an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $7,100 to this account. They plan on making a final deposit of $9,300 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a 8 percent rate of return? a. $28,150.66 b. $29,162.23c. $28,056.27d. $27,278.75e. $26,547.78
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