Grant Corporation wants to set aside $820,000 in order to purchase several hundred acres of land five years from now. If the money is invested into a fund that pays an effective rate of interest of 8%, how much money will Grant Corporation have to purchase land in five years? (Use excel or appropriate factor(s) from the tables provided. Your answer can be within $2 of the choices listed and be correct.) $1,204,849. $15,494,458. $558,078. O $4,810,613