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Solve the Problem. Round to the Nearest Cent

Question 88

Multiple Choice

Solve the problem. Round to the nearest cent.
-Cara needs $9,000 in 12 years. What amount can she deposit at the end of each quarter at 6% interest compounded quarterly so she will have her $9,000?


A) $125.68
B) $133.23
C) $533.49
D) $129.37

Correct Answer:

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