A Trust Will Provide $12,000 to a County Library at the Beginning

Multiple Choice

A trust will provide $12,000 to a county library at the beginning of each 3-month period for the next 5.5 years. If the money is worth an annual rate of 7%, compounded quarterly, find the amount in the trust when it begins. Round your answer to the nearest cent. ​

A) $429,003.79
B) $221,370.59
C) $475,687.16
D) $546,131.86
E) $173,679.98