Solve the application problem. Round to the nearest cent.
Green Thumb Landscaping wants to build a $129,000 greenhouse in 2 years. The company sets up a sinking fund with payments made quarterly. Find the payment into this fund if the money earns 8% compounded quarterly.
A. $17,351.79
B. $12,127.29
C. $63,861.45
D. $15,029.79
Answer: D
Mathematics
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