Gina Has Planned to Start Her College Education Four Years

Multiple Choice

Gina has planned to start her college education 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. How much will she have at the end of the fourth year?

A) $ 1,574
B) $19,116
C) $20,157
D) $16,000