Question: 21 Practice Problem Set - Week 5 Context: The situation described below is reporting some financial data as part of their company statistic safekeeping.

21 Practice Problem Set - Week 5 Context: The situation described below

21 Practice Problem Set - Week 5 Context: The situation described below is reporting some financial data as part of their company statistic safekeeping. Your job is to analyze the following statements and report of the best solution based on the answer choices below. Only select one answer choice and report back to your team. A player dressed his last game for school in florida in 1991. On a Monday. He placed $45,000 into an account and let it grow at 12% compounded quarterly for 31 years. Approximately how much will player have accumulated in 2022 (31 years later)? A. $1,510,000. B. $1,590,000. C. $1,620,000. D. $1,670,000. E. $1,760,000.

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