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QUESTION 2 Jennifer deposits 3,000 into a bank account. The bank credits interest at an annual nominal rate of 12i convertible monthly for the first

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QUESTION 2 Jennifer deposits 3,000 into a bank account. The bank credits interest at an annual nominal rate of 12i convertible monthly for the first 3 years and an annual nominal rate of 41 convertible quarterly for all years thereafter. The accumulated amount in the account at the end of 7 years is X. The accumulated amount in the account at the end of 5 years is 4,647.95. Calculate X A 4,725 B. 4,887 C. 4,939 OD. 5,033 E. 5,102

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