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How much will she have at the end of fourth year

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Gina has planned to start college education in four years from now. To pay for her college education, she has decided to save $1,000 a quarter for the next four years in a bank account paying 12 percent interest (compounded quarterly). How much will she have at the end of fourth year? (Round to the nearest whole dollar)

A) $1,574

B) $19,116

C) $20,157

D) $16,000

 

Reference no: EM13267597

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