Multiple Choice
A house is rented for $3,900 per quarter, with each quarter's rent payable in advance. If money is worth 5%, compounded quarterly, and the rent is deposited in an account, what is the future value of the rent for two years? Round your answer to the nearest cent.
A) $21,416.88
B) $148,966.10
C) $68,141.70
D) $44,109.26
E) $32,599.66
Correct Answer:
Verified
Correct Answer:
Verified
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