On Manuel's first birthday, his parents deposited $2,000 into a savings account that earns a fixed rate of 6.00% and compounds interest annually. How much money will Manuel's account have accumulated by his 18th birthday? (Hint: Round your answer to the nearest dollar.) $3,188 $20,000 $5,386 $5,709 What-If Scenario 1 What would have been the balance in Manuel's account if his parents had waited until his 10th birthday to make their initial deposit into the same account? $5,709 $20,000 $3,188 $5,386 What-If Scenario 2 If Manuel's parents wanted to accumulate an account balance of $17,500 by his 18th birthday, then how much should they have placed on deposit on his first birthday? $10,980 $1,750 $6,131 $6,499