Question $14$

$2$ pts

Cody invests $$2,500$ per year from his summer wages at a $9\%$ annual interest rate. He plans to take a European vacation at the end of $4$ years when he graduates from college. How much will he have available to spend on his vacation?

PV of $$1$darr

FV of $$1$darr

$$3,528\mathrm{.}95$

$$2,958\mathrm{.}89$

$$3,000\mathrm{.}00$

$$8,567\mathrm{.}97$