On Your First Through Fifth Birthdays Your Parents Placed $2,000

Multiple Choice

On your first through fifth birthdays your parents placed $2,000 into your college fund (five total deposits of $2,000 each) .The account has earned an average of 8.5% per year until today,your twenty-first birthday.How much money is in the account today?

A) $11,733.20
B) $37,219.70
C) $43,714.09
D) $42,383.41