Solve the problem.Barbara knows that she will need to buy a new car in 5 years. The car will cost $15,000 by then. How much should she invest now at 5%, compounded quarterly, so that she will have enough to buy a new car?

A. $12,340.54
B. $11,193.23
C. $13,257.81
D. $11,700.13


Answer: D

Mathematics

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