Red Deer City Council has committed to investing $200,000 into a New Minor Hockey Arena Fund at the beginning of every quarter for the next seven years. The Fund is expected to earn 8% compounded quarterly. What will be the value of the fund at the end of the seven years?
A) $5,921,883
B) $6,945,783
C) $7,558,447
D) $8,421,134
E) $9,767.125
Correct Answer:
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