You want to go to Europe 5 years from now, and you can save $7,100 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now?

A. $51,325.58

B. $48,380.67

C. $42,070.15

D. $39,125.24

E. $31,552.61

Please show your steps in detail no matter how you do it, even if you use a financial calculator or excel.