Multiple Choice
Gina has planned to start her college education four years from now. To pay for her college education, she has decided to save $1,000 a quarter for the next four years in a bank account paying12 percent compounded quarterly. How much will she have at the end of the fourth year?
A) $1,574
B) $16,000
C) $20,157
D) $19,116
Correct Answer:
Verified
Correct Answer:
Verified
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