Instructions: Please write the details and the formulas that you use to solve the question of the solution any answer without details will be ignored. 4) A friend plans to buy a big-screen TV/entertainment system and can afford to set aside $1,320 toward the purchase today. If your friend can earn 5.0%, compounded yearly, how much can your friend spend in four years on the purchase? Round off to the nearest $1. A) $1,444 B) $1,604 C) $1,764 D) $1,283