Cody invests $2,500 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end of 4 years when he graduates from college. How much will he have available to spend on his vacation?

Multiple Choice

$10,816.00 Incorrect

$10,400.00 $9,600.00 $10,000.00 $10,616.25