Suppose a New Business Makes a $2,000 Profit in Its

Multiple Choice

Suppose a new business makes a $2,000 profit in its first month and has its profit increase by 14% each month for the next 2 years. How much profit will the business earn in its 13^th month? Round your answer to the nearest cent. ​

A) $10,984.82
B) $9,635.81
C) $12,522.70
D) $8,452.46
E) $2,280.00