Sutton deposited $12, 500 into an account paying 3.91%

Last updated: 7/15/2022

Sutton deposited $12, 500 into an account paying 3.91% annual interest compounded monthly. How much money will be in the account after 7 years? (also called Future value). Round to the nearest cent if necessary. Choose one 4 points $16,427.94 $16,427.00 $16,595.00 $16,594.94