$$501\mathrm{.}54$

QUESTION $19$

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 $8\mathrm{.}5\%$ per year. Under these conditions, how much would you have just after you make the $5$ th deposit, $5$ years from now?

$$ $$32,873\mathrm{.}97$

$$43,255\mathrm{.}22$

$$46,715\mathrm{.}64$

$$50,608\mathrm{.}61$