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Since your first birthday, your grandparents have been depositing $1,100 into a savings account on every one of your birthdays. The account pays 5% interest

Since your first birthday, your grandparents have been depositing $1,100 into a savings account on every one of your birthdays. The account pays 5% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to:

A. $37,134.74

B. $18,567.37

C. $43,323.87

D. $30,945.62

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