Angler’s Edge, worth $12 million, is expected to grow at 5% per year compounded annually for 7 years. Find the future value to the nearest million….

Angler’s Edge, worth $12 million, is expected to grow at 5% per year compounded annually for 7 years. Find the future value to the nearest million.

Question options:

$16 million

$18 million

$17 million

$19 million