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Ever since your first birthday, your parents have been depositing $1,200 into a college savings account on every one of your birthdays. The account pays

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Ever since your first birthday, your parents have been depositing $1,200 into a college savings account on every one of your birthdays. The account pays 7% interest annually. Immediately after your parents make the deposit on your 18 th birthday, the amount of money in your savings account will be closest to which of the following? A. $24,479.30 B. $48,958.61 C. $57,118.38 D. $40,798.84

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