Answer:
B. $20,127
Explanation:
Calculation to Find the future value at the end of year 3
Using this formula
A=P(1+r/100)^n
where,
A= represent future value
P= represent present value
r =represent rate of interest
n= represent time period.
Let plug in the formula
A=3,000*(1.17)^2+6,000*(1.17)+9,000
A=3,000*1.3688+7,020+9,000
A=4,106+7,020+9,000
A=$20,127
Therefore the future value at the end of year 3 will be $20,127
