Solve the Problem. Round to the Nearest Cent

question 88

Multiple Choice

Solve the problem. Round to the nearest cent.
-Cara needs $9,000 in 12 years. What amount can she deposit at the end of each quarter at 6% interest compounded quarterly so she will have her $9,000?

• A) $125.68
• B) $133.23
• C) $533.49
• D) $129.37

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Definitions:

Unique Identity

A distinguishing characteristic or trait that makes an individual or an entity distinct from others.

Human Interaction

The process of communication and exchange between individuals or groups, often involving social, cultural, or professional exchange.

Network

A group of interconnected computers, servers, and devices that can share data and resources with each other, often categorized by the scope such as LAN, WAN, or MAN.

Radio Wave Frequencies

The bands of the electromagnetic spectrum that are used for telecommunications, including radio and television broadcasting, mobile phones, and satellite communications.