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 4%, compounded quarterly, so that she will have enough to buy a new car?
A. $13,585.96
B. $11,854.72
C. $12,293.10
D. $12,822.06
Answer: C
Mathematics
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