Will give 50 points!
Torren deposits $4500 in an account earning 2% interest, compounded annually. The equation that represents this situation is
A(n)=4500(1+0.02)^n-1
How much will he have in the account at the beginning of year 8? Round your answer to the nearest dollar
A. $5169
B. $16,124
C. $32,130
D.$5272