A Trust Will Provide $12,000 to a County Library at the Beginning

Multiple Choice

A trust will provide $12,000 to a county library at the beginning of each 3-month period for the next 2.5 years. If the money is worth an annual rate of 6.8%, compounded quarterly, find the amount in the trust when it begins. Round your answer to the nearest cent.

A) $246,873.08
B) $111,364.28
C) $284,945.37
D) $352,106.39
E) $85,257.67