question 24

Kerri deposits $8,000 into a bank account today. She makes another deposit of $14,000 into the account exactly one yar from today. If the bank pays interest at 8 percent p.a. compounded annually, how much will she have in her account at the end of two years? 1) $28,591.20 2) $24,451.20 3) $22,000.00 4) $23,760.00 5) $20,267.65