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 4.0% annual interest rate, compounded quarterly. If you also add $5,000 to the account one year (4 quarters) from now and $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) $16,035.87
C) $16,837.67
D) $17,679.55