Since Your First Birthday,your Grandparents Have Been Depositing $100 into a Savings

Multiple Choice

Since your first birthday,your grandparents have been depositing $100 into a savings account every month.The account pays 4% 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) $11,941,266
B) $31,559
C) $30,774
D) $21,600
E) $31,764