You Just Deposited $2,000 in a Bank Account That Pays

Multiple Choice

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