You just deposited $2,000 in a bank account that pays a 4.0% nominal interest rate, compounded quarterly. If you also add another $5,000 to the account one year (4 quarters) from now and another $7,500 to the account two years (8 quarters) from now, how much will be in the account three years (12 quarters) from now?
A. $15,472.46
B. $19,340.58
C. $11,604.35
D. $18,566.96
E. $14,234.67
Answer: A
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