You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $10,000 per year, beginning immediately. You will make 4 deposits in an account that pays 4.8% interest. Under these assumptions, how much will you have 4 years from today?
a. $32,973.27
b. $42,973.27
c. $45,035.98
d. $41,920.00
e. $55,035.98