You decide to begin saving toward the purchase of a car in 4 years. If you put $1200 in a savings account paying 5 percent compounded annually at the end of each of the next 4 years, how much will you accumulate after 4 years? 38. a. $6,630.75 b. $5,430.76 c. $1,458.61 d. $5,172.15 e. $4,800.00 Refer to the previous problem. What would be the ending amount if $600 payments were made at the beginning of each 6-month period for 4 years and the account paid 5 percent compounded semiannually? 39. a. $5,729.47 b. $5,172.15 c. $2,491.51 d. $5,372.71 e. $5,241.67