You Wish to Deposit $7,000 in an Account at the Shylock

Multiple Choice

You wish to deposit $7,000 in an account at the Shylock Bank.The bank pays interest at a nominal annual rate of 10% compounded monthly.What is the future value in the account after seven years?

A) $14,055.44
B) $13,975.47
C) $13,641.02
D) $13,336.23
E) $14,726.68