Complete the sentence with the correct form of the verb in brackets: The agreed monthly deposits will continue at the same rate. By next July, Arun ___ (save) the full course fee, with none of the target amount left to save after that date.

Explication

The premise requires the entire target amount to be accumulated by next July, with none remaining, so the future perfect expresses that completed result. The future continuous would focus on saving as an activity in progress without establishing that the full fee had been reached.