John Collmer and Mindy Nyman intend to save $2,000 at the end of every year for the next 8 years for their reunion trip to Ghana. If they deposit the funds in an account that earns 6% interest, how much will they have at the end of 8 years?

	A.	$16,000
	B.	$12,420
	C.	$18,960
	D.	$19,795
	E.	$16,960

Present Value of $1 10.97087 0.96154 0.95238 0.9434 0.93458 0.92593 0.91743 0.90909 3 1.12486 .15763 1.19102 1.22504 5 1.216651.27628 1.33823 1.40255 1.46933 1.538621.61051 0.82193 0.78353 0.74726 0.71299 0.68058 0.649930.62092 1.71382 1.82804 1.94872 7 0.813090.75992 0.71068 0.66506 0.62275 0.583490.547030.51316 9 1.42331 1.55133 1.68948 1.83846 12 1.60103 .79586 15 1.800942.078932.39656 2.75903 3.17217 3.64248 4.17725 15 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.274540.23939 0.3118 0.25842 0.21455 0.17843 0.14864 2.6533 3.20714 3.86968 4.66096 5.60441 nnu 0.97087 0.961540.95238 0.93458 0.92593 0.91743 0.90909 2 1.91347 1.88609 1.859411.83339.80802 1.78326 1.759111.73554 4 4.24646 4.31013 4.37462 4.439944.506114.57313 6 5.417195.24214 5.07569 4.917324.766544.62288 4.48592 4.35526 7 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 R842 8 7.01969 6.73274 6.463216.20979 898298.14201 8.39384 8.65402 9.20043 9.48717 9.89747 10.259810.6366311.0284711.43589 77.898298.14201 8.393848.65402 8.9228 9.20043 9.4871 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 5.9713 5.74664 5.53482 93 10 12.0061112.57789 13.18079 13.81645 14.4865615.1929315.93742 8.1109 7.721737.36009 7.02358 6.710086.417666.14457 12 15.0258115.9171316.8699 898649.29498 8.74547 8.24424 7.78615 7.36669