john got a part time weekend job at a local restaurant to save for a new car. he plans on depositing $200 per month for the next 4 years in a savings account with a rate of 7% per year compounded monthly. how much will he have saved toward his down payment at the end of the 4 year period? a) $11,031.85 b) $11,021.85 c) $11,041.85 d) $11,071.85 e) $11,051.85 f) none of the above.