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Question 21

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Solve the problem. Solve the problem. -Barbara knows that she will need to buy a new car in 5 years. The car will cost $15,000 by then. How much should she invest now at 4%, compounded quarterly, so that she will have enough to buy a new car? A) $13,585.96 B) $12,293.10 C) $12,822.06 D) $11,854.72
-Barbara knows that she will need to buy a new car in 5 years. The car will cost $15,000 by then. How much should she invest now at 4%, compounded quarterly, so that she will have enough to buy a new car?


A) $13,585.96
B) $12,293.10
C) $12,822.06
D) $11,854.72

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