A house is rented for $3,700 per quarter, with each quarter's rent payable in advance. If money is worth 6%, compounded quarterly, and the rent is deposited in an account, what is the future value of the rent for two years? Round your answer to the nearest cent.
A) $20,437.99
B) $146,482.53
C) $65,803.29
D) $42,342.65
E) $31,201.50
Correct Answer:
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