Solve the problem.
Barbara knows that she will need to buy a new car in 6 years. The car will cost $15,000 by then. How much should she invest now at 8%, compounded quarterly, so that she will have enough to buy a new car?
A. $8752.36
B. $9325.80
C. $11,854.72
D. $10,208.75
Answer: B
Mathematics
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.
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Mathematics