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Solve the Problem $121,000\$ 121,000 Greenhouse in 2 Years 8%8 \% Compounded Quarterly

Question 148

Multiple Choice

Solve the problem.
-Green Thumb Landscaping wants to build a $121,000\$ 121,000 greenhouse in 2 years. The company sets up a sinking fund with payments made quarterly. Find the payment into this fund if the money earns 8%8 \% compounded quarterly.


A) $11,910.03\$ 11,910.03
B) $14,097.69\$ 14,097.69
C) $7048.84\$ 7048.84
D) $8525.66\$ 8525.66

Correct Answer:

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