Question: Q31 itIS question: 1 point(s) possible Submit quiz Sam got a job at the Brick. He plans to save $500 every month for 3 years

Q31

itIS question: 1 point(s) possible Submit quiz Sam got a job at the Brick. He plans to save $500 every month for 3 years to buy a car. The savings account earns 2.25% compounded semi-annually. If he puts the money in his savings account at the beginning of each month, what will be the balance in the account at the end of the three-year term? Round to the nearest cent. O A. $18,635.22 O B. $18,600.50 O C. $17,390.19 OD. $18,638.25 OE. $18,603.37

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