A Deposit of $2000 Is Made in an Account That $A _ { n } = 2000 \left( 1 + \frac { 0.06 } { 12 } \right) ^ { n } , n = 1,2,3 , \mathrm {~K}$

Multiple Choice

A deposit of $2000 is made in an account that earns 6% interest compounded monthly. The balance in the account after n months is given by $A _ { n } = 2000 \left( 1 + \frac { 0.06 } { 12 } \right) ^ { n } , n = 1,2,3 , \mathrm {~K}$ Find the balance in the account after 11 years by finding the 132th term of the sequence. Round to the nearest penny.

A) $4,379,295.09
B) $3863.23
C) $3844.01
D) $265,320.00
E) $3882.54