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

Multiple Choice

You just deposited $2, 500 in a bank account that pays a 4.0% nominal interest rate, compounded quarterly.If you also add another $5, 000 to the account one year (4 quarters) from now and another $7, 500 to the account two years (8 quarters) from now, how much will be in the account three years (12 quarters) from now?

A) $15, 234.08
B) $16, 035.88
C) $16, 837.67
D) $17, 679.55
E) $18, 563.53