Mari Ann Is a Beautician Who Currently Leases Her Shop

Mari Ann is a beautician who currently leases her shop. She would like to buy her own building as she feels that it could be an investment which would provide a retirement income for her several
Years from now. To achieve this goal, Mari Ann has decided to save $500 a month, starting today,
For the next five years. She expects to earn 6.45%, compounded monthly, on her savings. How
Much will she have saved by the end of the five years that she can use to buy a building?

A) $35,291.45
B) $35,306.18
C) $35,481.14
D) $36,909.18
E) $36,945.45