Solve the Problem

question 83

Multiple Choice

Solve the problem. Round to the nearest cent as needed.
-Cara knows that she will need to buy a new car in 3 years. The car will cost $15,000 by then. How much should she invest now at 12%, compounded quarterly, so that she will have enough to buy a new car?

• A) $10,520.70
• B) $12.594.29
• C) $11,957.91
• D) $9532.77

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Definitions:

Secretion of Substances

The process by which substances are produced and released from a cell, gland, or organ for a particular function in the organism.

Connective Tissue

A type of tissue in the body that supports, protects, and gives structure to other tissues and organs.

Bind Other Tissues

Refers generally to the function of various connective tissues in the body that help stabilize and support the structures they surround.

Delivering Nutrients

The process of transporting essential nutrients from the digestive system to the cells and tissues that need them.