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

---

Definitions:

Client's Message

The information or underlying emotions conveyed by a client during communication, often within a therapeutic or professional context.

Paraphrasing

Restating someone's words or ideas in one's own words without changing the original meaning.

Reflection

The act of thinking deeply or carefully about something, often regarding one's actions, beliefs, or experiences.

Restates Content

A communication technique where the speaker repeats what has been said in their own words, often used to confirm understanding or clarify information.