Katherine deposits $200 today and at the end of the next 11 yearly intervals (i.e.

12 deposits in all) into a bank account paying an interest rate of 5% per annum

compounded annually.

If no withdrawals are made, 12 years from today the

account will hold

a)

$1,861.28

b)

$3,183.43

c)

$2,983.43

d)

$3,342.60