You Just Deposited $2,500 in a Bank Account That Pays

Multiple Choice

You just deposited $2,500 in a bank account that pays a 12% nominal interest rate,compounded quarterly.If you also add another $5,000 to the account one year (12 months) from now and another $7,500 to the account 2 years from now,how much will be in the account 3 years (12 quarters) from now?

A) $17,422.59
B) $18,339.57
C) $19,256.55
D) $20,219.37