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Your savings account has a balance of $12,500 and earns an APR of 2.5%, compounded quarterly. The account was opened 20 years ago. Assuming no

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Your savings account has a balance of $12,500 and earns an APR of 2.5%, compounded quarterly. The account was opened 20 years ago. Assuming no other deposits have been made since then, how much was initially deposited to open the account? a) $7,593.44 b) $7,628.39 c) $1,733.81 Od) $156.25 e) $7,585.58

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