One year ago, the Jenkins Family Fun Center deposited $4,800 in an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $6,600 to this account. They plan on making a final deposit of $8,800 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a 9 percent rate of return?
a. $28,098.09
b. $26,935.83
c. $25,415.70
d. $27,185.42
e. $26,077.59
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