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Bridgette's grandparents opened a savings account for her and placed $700 in the account. The account pays 3.5% interest. Bridgette wants to be a singer

Bridgette's grandparents opened a savings account for her and placed $700 in the account. The account pays 3.5% interest. Bridgette wants to be a singer and she has her heart set on a new karaoke machine. The machine costs $200. How much less will the account be worth in terms of future value in 8 years if she buys the karaoke machine now versus leaving the account untouched?

  • A. $200
  • B. $151.88
  • C. $658.40
  • D. $263.36

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