Conhugeco Is Eyeing a New Plotzer 3,000, Which Has a List

Multiple Choice

Conhugeco is eyeing a new Plotzer 3,000, which has a list price of $12,000,000. How much should they set aside today if they want to make their purchase one year from now and their interest-bearing checking account pays 3% annually?

A) about $11.6 million
B) about $11.2 million
C) about $12.3 million
D) about $12.8 million