What lump sum should be deposited in an account that will earn at an annual rate of 12%, compounded quarterly, to grow to $90,000 for retirement in 15 years?
A)$87,176.69
B)$15,010.50
C)$10,975.61
D)$32,142.86
E)$15,275.98

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The Answer of What lump sum should be deposited in an account that will earn at an annual rate of 12%, compounded quarterly, to grow to $90,000 for retirement in 15 years?
A)$87,176.69
B)$15,010.50
C)$10,975.61
D)$32,142.86
E)$15,275.98

What Lump Sum Should Be Deposited in an Account That