Question: You are saving for a car that you plan to purchase in 5 years. You plan to put $3400 in savings (which earns 11% compounded

You are saving for a car that you plan to purchase in 5 years. You plan to put $3400 in savings (which earns 11% compounded annually), at the end of each year until then. Hoe much will you have saved for the car at the end of 5 years?

A) $17000

B) $25615

C) $21175

D) $19775

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