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Since your first birthday, your grandparents have been depositing $2200 into a savings nccount on every orie of your bathdays. The account pays 6% interest

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Since your first birthday, your grandparents have been depositing $2200 into a savings nccount on every orie of your bathdays. The account pays 6% interest annually. Immediatoly aftec your grandparents make the deposit on your tatn bithday, the amount of money in your savings account will be closest to A. $37,204 B. $662,252 C. $61,121 D. $67,992 What is the presont value (PV) of an invessiment that wat pay $200 in one year's trme, and $200 every yeat after that, when the interest rate is 8% s? A. $3,000 11. $4,000 C. $2,500 0.85.000

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