Meridian Credit Union Expects an Average Annual Growth Rate of 3

Multiple Choice

Meridian Credit Union expects an average annual growth rate of 3% for the next four years. If the assets of the credit union currently amount to $11.4 billion, what will the forecasted assets be in four years?

A) $12.83 billion
B) $1.43 billion
C) $12.85 billion
D) $1.45 billion
E) $32.56 billion