Q 12 Your very wise Budgeting and Management instructor has convinced you that you should start saving money. You have decided to put away $500 per month and you are guaranteed a 6% interest rate that compounds monthly. You are committed to doing this for 20 years. At the end of those 20 years assuming you start with nothing and make your first $500 payment at the end of the first month, how much will you have total in the bank? Select one: Oa. 9,867,929,788 O b. 69,790 Oc. 231,021 O d. 229,874