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Solve the Problem. Round to the Nearest Cent

Question 187

Multiple Choice

Solve the problem. Round to the nearest cent.
-Green Thumb Landscaping wants to build a $140,000 greenhouse in 2 years. The company sets up A sinking fund with payments made quarterly. Find the payment into this fund if the money earns 8% interest compounded quarterly.


A) $10,438.34
B) $16,311.37
C) $7511.02
D) $33,967.33

Correct Answer:

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