Multiple Choice
Solve the problem.
-Barbara knows that she will need to buy a new car in 5 years. The car will cost $15,000 by then. How much should she invest now at 5%, compounded quarterly, so that she will have enough to Buy a new car?
A) $11,193.23
B) $11,700.13
C) $13,257.81
D) $12,340.54
Correct Answer:
Verified
Correct Answer:
Verified
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