McClary Tires plans to save $20,000,$25,000,$27,500,and $30,000 at the end of each year for Years 1 to 4,respectively.If itearns 3.3 percent on its savings,how much will the firm have saved at the end of Year 4?
A) $107,525.40
B) $108,392.69
C) $111,860.57
D) $107,130.78
E) $110,426.41
Correct Answer:
Verified
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