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Your parents deposited $840 into a savings account on each of your birthdays, starting with your first. You earned a 4.27 percent compounded annual return

Your parents deposited $840 into a savings account on each of your birthdays, starting with your first. You earned a 4.27 percent compounded annual return over the life of this investment. How much is in the account right now assuming you have just turned 18?

  1. $10,404

  2. $15,120

  3. $20,374

  4. $22,084

  5. $23,867

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