You just deposited $2,000 in a bank account that pays a 4.0%

Last updated: 8/12/2022

You just deposited $2,000 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? Oa. $14,234.67 Ob. $11,604.35 O c. $19,340.58 d. $15,472.46 e. $18,566.96