To save for a down payment to buy a house in 5 years, you decide to make 61 equal monthly deposits of $650 each in to a fund expected to earn 6% APR compounded monthly with the first annual deposit made today and the 61th deposit made 5 years from today. How much money will you have as a down payment for your house in 5 years after making the last deposit? Group of answer choices

$46,458 $45,577 $46,227 $45,351 $39,650