You Want to Go to Europe 5 Years from Now,and

Multiple Choice

You want to go to Europe 5 years from now,and you can save $3,600 per year,beginning one year from today.You plan to deposit the funds in a mutual fund that you think will return 8.5% per year.Under these conditions,how much would you have just after you make the 5th deposit,5 years from now?

A) $26,450.86
B) $17,278.39
C) $25,810.92
D) $20,904.72
E) $21,331.34