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3. Suppose you plan to save $670 a month (saved dollars are available at the end of each month) for the first 5 years and
3. Suppose you plan to save $670 a month (saved dollars are available at the end of each month) for the first 5 years and $12,225 a year (saved dollars are available at the end of each year) for the next 5 years. Your annual savings of $12,225 are deposited into Account # 3, which earns you 8.39% compounded quarterly for 5 years. How much will you have in Account #3 10 years from now?
A. $180,412.05
B. $63,743.54
C. $72,665.70
D. $134,458.58
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