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 7? Round your answer to the nearest dollar.
A. $13,437
B. $27,540
C. $5,169
D. $5.068
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