Bobby's grandmother deposited $100 in a savings account for him when he was born.The money has been earning an annual rate of 12% interest,compounded quarterly for the last 25 years.He is getting married and would like to take his new bride on a fabulous honeymoon.How much does he have in this account to use?
A)$4,165
B)$1,700
C)$5,051
D)$1,922

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The Answer of Bobby's grandmother deposited $100 in a savings account for him when he was born.The money has been earning an annual rate of 12% interest,compounded quarterly for the last 25 years.He is getting married and would like to take his new bride on a fabulous honeymoon.How much does he have in this account to use?
A)$4,165
B)$1,700
C)$5,051
D)$1,922

Bobby's Grandmother Deposited $100 in a Savings Account for Him