Since your first birthday, your grandparents have been depositing $100 into a savings account every month. The account pays 9% 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) $32,181
B) $53,635
C) $64,362
D) $75,089


Answer: B

Business

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