You want to buy a new sports car 3 years from now, and you plan to save $4,200 per year, beginning one year from today. you will deposit your savings in an account that pays 5.2% interest. how much will you have just after you make the 3rd deposit, 3 years from now?
(a) $11,973
(b) $12,603
(c) $13,267
(d) $13,930
(e) $14,626

C

Explanation:

Let's view this in a time series.

Time : 0 to end of first year

The first year you save up to $4,200 and you deposit that money in an account.

Time: Beginning of the second year to end of the second year.

Your money now has paid a 5.2% interest. That means you have in your banking account now $4,200*1.052 = $4,418.4

Now you deposit another $4,200.

Total amount at the end of second year: $ 8,618.4

Time: Beginning of the third year to three years from now.

Your money now has paid a 5.2% interest on your total amount in the bank.

That means $8,618.4*1.052 = $ 9,066.55

Now you make your third deposit. Another $4,200

Total amount : $13,266.55  (closest integer $ 13,267)

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.

answer; bootstrapping is your answer;