You Have Been Saving Toward the Purchase of a New

Multiple Choice

You have been saving toward the purchase of a new mountain bike.Five years ago,you placed $600 in a bank account,and you have since earned an annual rate of return of 12 percent.How much do you now have in your account?

A) $1,057.41
B) $1,293.71
C) $978.70
D) $1,138.70