You want to save for a car that will cost $30,000 in 5 years from now. You plan to invest an amount at the end of each year? You decide to invest a smaller amount in the first year and increase the amount you invest each year by 20%. Your investment will earn a return of 4%. How much must your first investment be?

Group of answer choices

$1,846

$3,926

$3,775

$20,444