Since your first birthday, your grandparents have been depositing

$ 1 comma 200$1,200

into a savings account on every one of your birthdays. The account pays

99%

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.

$ 49 comma 561.61$49,561.61

B.

$ 29 comma 736.97$29,736.97

C.

$ 69 comma 386.25$69,386.25

D.

$ 59 comma 473.93