Cody Invests $1,800 Per Year from His Summer Wages at a 4

Multiple Choice

Cody invests $1,800 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end of 4 years when he graduates from college. How much will he have available to spend on his vacation? (^{PV of $1}, ^{FV of $1}, ^{PVA of $1}, and ^{FVA of $1}) (Use appropriate factor(s) from the tables provided.)

A) $7,643.70
B) $7,200.00
C) $7,488.00
D) $6,912.00
E) $7,787.52