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Angelina Has Planned to Start Her College Education Four Years

Question 88

Multiple Choice

Angelina has planned to start her college education four years from now. To pay for her college education, she has decided to save $1,000 each quarter for the next four years in a bank account paying 12 percent interest. How much will she have at the end of the fourth year?


A) $1,574
B) $19,116
C) $20,157
D) $16,000

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