How much will $8,000 grow to in five years, assuming an interest rate of 8% compounded quarterly? (Use appropriate factor(s) from Table 1, FV of $1; Table 2, PV of $1; Table 3, FVA of $1; and Table 4, PVA of $1 contained within a separate file.)
A. $12,013.
B. $11,755.
C. $11,888.
D. $10,989.
Answer: C
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