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?

Group of answer choices

$8,078.67

$9,784.64

$12,389.18

$12,376.29