This test does not allow backtracking. Changes to the answer after submission are prohibited. Remaining Time: 33 minutes, 07 seconds. Question Completion Status: Moving to the next question prevents changes to this answer, Question 4 of 20 Question 4 1 points Save Answer Tyler has saved $400 at the end of every month for the last 4 years with the intention of paying 20% down for a new boat. He earns at a fixed annual rate of 4% over the 4-year period; interest is compounded monthly. How much can he pay towards his new boat now? a $20,784 b. $55,705 C. $103,919 d. $22,272 Moving to the next question prevents changes to this answer Question 4 of 20 > FB