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You want to go to Europe 5 years from now, and you can save $2,000 per year, beginning one year from today. You plan to

You want to go to Europe 5 years from now, and you can save $2,000 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 7% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now?

$13,369

$11,274

$11,501

$11,964

$12,327

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