Question: 7 You are saving for a car that you plan to purchase in five years. You plan to put $3.900 in savings (which ears 9%,

7 You are saving for a car that you plan to purchase in five years. You plan to put $3.900 in savings (which ears 9%, compounded annually on the end of each year until then. How much will you have saved for the car at the end of the five years? (Future Value of $1. Present Value of 51. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice $19,500 $27,780 $23.340 $21.940

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