A Small Business Owner Contributes $5,000 at the End of Each

Multiple Choice

A small business owner contributes $5,000 at the end of each quarter to a retirement account that earns an annual rate of 6% compounded quarterly. How long will it be until the account is worth $150,000? ​

A) 24.96 quarters
B) 43.11 quarters
C) 57.39 quarters
D) 69.15 quarters
E) 13.63 quarters