Question: i need help with problem 4 i don't understand why my answer is wrong and i tried to solve the problem 4 but could not

i need help with problem 4 i don't understand why my answer is wrong and i tried to solve the problem 4 but could not figure out?

Jack and tracy would like to have $12, 000 for a down payment on a new condo. a saving account at their local credit union will pay 2 % per year compounded monthly. how much should they deposit now in this account to have the down payment in 2 years?

a. $11,489.86

b. $ 11,529,86

c.. $ 11,509.86

d, $11, 559.86

e. $ 11,519.86

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