Lynn Sells Her Car Freshman Year and Puts $7,300 in an Account

Lynn sells her car freshman year and puts $7,300 in an account that earns 6.3% interest compounded monthly. The balance in the account after n months is
Calculate A_12. What does A₁₂ represent?

A) $7,338.32, A₁₂ represents the balance in 12 months or 1 year.
B) $7,773.41, A₁₂ represents the balance in 12 years.
C) $7,773.41, A₁₂ represents the balance in 12 months or 1 year.
D) $88,059.90, A₁₂ represents the balance in 12 months or 1 year.