Gracie Shay wants to buy a new Hummer in six years. Gracie estimates the cost of the Hummer will be $35,000. If she invests $22,000 now at a rate of 6% compounded quarterly, she:
A. Will have $33,450
B. Will have enough money
C. Will have exactly $32,000
D. Will have $31,449
E. None of these
Answer: D
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