Ever since your first birthday, your parents have been depositing

$1,300

into a savings account on every one of your birthdays. The account pays

7%

interest annually. Immediately after your parents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to which of the following?

A.

$44,198.74

B.

$26,519.24

C.

$61,878.24

D.

$53,038.49