Multiple Choice
Kayla hopes to purchase a new car in five years.If she deposits $10,000 today in an account that pays 7% compounded quarterly,how much will she be able to spend on the new car in five years?
A) $14,025.52
B) $10,700.00
C) $14,147.78
D) $13,500.00
E) $15,000.00
Correct Answer:
Verified
Correct Answer:
Verified
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