Since Your First Birthday,your Grandparents Have Been Depositing $1000 into a Savings

Multiple Choice

Since your first birthday,your grandparents have been depositing $1000 into a savings account on every one of your birthdays.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) $25,645
B) $36,465
C) $12,659
D) $18,000
E) $50,645