Calculate the future value of $7,000 after 10 years if deposited at 9.3% interest compounded monthly Determine the formula and values that should be used to solve this problem ifr represents the annual interest rate, I the interest rate per period, n the total number of interest periods, P the present value, and F the future value Select the correct choice below and fill in the answer boxes to complete your choice. (Type integers or decimals. Simplify your answers. Do not include the $ symbol in your answers.) OA. F + 1+ - O B. F= (1+1)"p= (1+. OC. F=(1+r)P = (1+0. P Te Use the result from the previous step to calculate the future value after 10 years. F=$ (Do not round until the final answer. Then round to the nearest cent as needed. Do not include the 5 symbol in your answer.)