QUESTION $2$

A bank pays an annual interest rate $($APR$)$ of $6\mathrm{.}00\%$ per year with annual compounding. Assume that you deposit $$1,200$ in this bank will you have in the bank after eight years?

$$1,932\mathrm{.}39$

$$1,936\mathrm{.}97$

$$1,939\mathrm{.}21$

$$1,955\mathrm{.}29$

$$1,912\mathrm{.}62$