Bradley Snap has deposited $7000 in a guaranteed investment account with a promised rate of 6% compounded annually. He plans to leave it there for 4 full years when he will make a down payment on a car after graduation. How much of a down payment will he be able to make?

A $30 622.2

B $8 960.00

C $2 175.57

D $8 837.5    

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