Assume That Adrian Will Need $30,000 for His 20 Percent

Multiple Choice

Assume that Adrian will need $30,000 for his 20 percent down payment in five years.If he locates an investment with a 9 percent rate of return that compounds annually,which of the following is closest to the amount that he will have to save each year?

A) $6,003
B) $4,884
C) $5,187
D) $5,013