Eastman credit union with an initial deposit

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Reference no: EM131169539

On December 20, 1989, Dixon opened an account at the Eastman Credit Union with an initial deposit if $1000.00. On February 20, 1990, he deposited an additional $1000.00. If the credit union pays 12% interest compound monthly, how much will be in the account on March 20, 1990?

A. $1030.20

B. $1010.10

C. $2,040.30

D. $4,012.70

E. $3050.50

Reference no: EM131169539

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