Calculate the Final Balance After Compounding the Interest $\$ 22.95$ B) Final Balance

Calculate the final balance after compounding the interest. Round to the nearest cent, if necessary.
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A) Final Balance: $\$ 22.95$
B) Final Balance: $\$ 258.59$
C) Final Balance: $\$ 251.04$
D) Final Balance: $\$ 248.54$