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 $7,300 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) $50,608.61
B) $51,906.27
C) $46,715.64
D) $32,873.97
E) $43,255.22