3 Question 8 (1 point) Saved Your friend Eunice has asked for your help with the following problem. 6 She has decided to save money using an arrears annuity with growth with 12 payments. The first payment one period from today will be $1,250 and then it will grow at 2.50% She knows that her investment will earn a 6% p.a. rate of return. | 11 | 12 She has asked for your help in determining how much she will have saved by the end of year 12 (12) 14 15 Differences of less than a dollar are not considered significant. Calculator and/or algebraic answer: 18 $11,843.98 20 21 $15,000.00 $17,181.19 23 24 $23,832.43 5 26 27 $18,252.45