Multiple Choice
Barbara knows that she will need to buy a new car in 2 years. The car will cost $15,000 by then. How much should she invest now at 8%, compounded quarterly, so that she will have enough to buy a new car?
A) $12,802.36
B) $13,888.89
C) $13,868.34
D) $11,907.48
Correct Answer:
Verified
Correct Answer:
Verified
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