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You open a savings account with your bank by depositing $200.00 today. Hereafter, you authorize the bank to transfer $200.00 from your checking to your

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You open a savings account with your bank by depositing $200.00 today. Hereafter, you authorize the bank to transfer $200.00 from your checking to your savings account automatically at the beginning of each month for the next 5 years. The bank offers a rate of 1.25%. How much will you have in your savings account in 5 years? $12,376.29 $9.784.64 $8.078.67 $12,389.18

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