Since your first birthday, your grandparents have been depositing $1200 into a savings account on every one of your birthdays. The account pays 6% 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) $37,086.78
B) $22,252.07
C) $44,504.14
D) $51,921.49
Correct Answer:
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