You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $8,700 per year, beginning immediately. You will make a deposits in an account that pays 6.1% interest. Under these assumptions, how much will you have 4 years from today?
a. $38,115.67
b. $49,140.72
c. $40,440.72
d. $36,922.80
e. $29,415.67