Multiple Choice
Gina has planned to start college education in four years from now.To pay for her college education,she has decided to save $1,000 a quarter for the next four years in a bank account paying 12 percent interest (compounded quarterly) .How much will she have at the end of fourth year? (Round to the nearest whole dollar)
A) $1,574
B) $19,116
C) $20,157
D) $16,000
Correct Answer:
Verified
Correct Answer:
Verified
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