Cody invests $2500 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end of 4 years when he graduates from college. How much will he have available to spend on his vacation?
A. $10,616.25
B. $10,400.00
C. $9600.00
D. $10,816.00
E. $10,000.00
Answer: A
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