Solve the problem. Round to the nearest cent.Green Thumb Landscaping wants to build a $140,000 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% interest compounded quarterly.

A. $7511.02
B. $10,438.34
C. $16,311.37
D. $33,967.33


Answer: C

Mathematics

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A.
B.
C.
D.

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