Barbara Lakey is saving to buy a new car in four years. She will save $5,500 at the end of each of the next four years. If she invests her savings at 7.75 percent annually, how much will she have after four years? (Round to the nearest dollar.)
A) $22,000
B) $23,345
C) $27,556
D) $28,692
Correct Answer:
Verified
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