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Problem 2 6 Marks Arianne is saving towards the purchase of new furniture and appliances, which she hopes to purchase in 6 years. She

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Problem 2 6 Marks Arianne is saving towards the purchase of new furniture and appliances, which she hopes to purchase in 6 years. She plans to set aside most of her annual bonus in a savings account over the next five (5) years as follows: Year 1 $3,500 Year 2 $5,000 Year 3 $7,500 Year 4 $7,500 Year 5 $8,000 Arianne earns an annual rate of 8% on her savings. How much would she have for the new furniture and appliances by the end of year 6?

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