How much will $$30,000$ grow to in seven years, assuming an interest rate of $12\%$ compounded annually?

Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1).$

Multiple Choice

$$96,320$

$$43,570$

$$55,200$

$$66,320$