The Food Store Is Planning a Major Expansion for 4

The Food Store is planning a major expansion for 4 years from today. In preparation for this, the company is setting aside $35,000 each quarter, starting today, for the next 4 years. How much money will the firm have when it is ready to expand if it can earn an average of 6.25 percent on its savings?

A) $528,409.29
B) $540,288.16
C) $610,411.20
D) $640,516.63
E) $662,009.14