Maddie's Place Corporation Deposits $100,000 at the Beginning of Every

Multiple Choice

Maddie's Place Corporation deposits $100,000 at the beginning of every quarter in a savings account for the next six years so that it can purchase a new piece of machinery at the end of six years. The interest rate is 8%. How much money will Maddie's Place Corporation have at the end of six years? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.)

A) $3,042,186
B) $3,103,030
C) $792,280
D) $643,428