Since your first birthday,your grandparents have been depositing $100 into a savings account every month.The account pays 4% interest annually.Immediately after your grandparents make the deposit on your 18th birthday,the amount of money in your savings account will be closest to:
A) $11,941,266
B) $31,559
C) $30,774
D) $21,600
Correct Answer:
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