Solve the problem. Round to the nearest dollar.Suppose that you earned a bachelor's degree and now you're teaching middle school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $1500 at the end of every three months in an annuity that pays 5.5% compounded quarterly. How much will you have saved at the end of 4 years? Find the interest.
A. $135,732; $111,732
B. $26,641; $2641
C. $32,025; $8025
D. $24,800; $800
Answer: B
Mathematics
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