11) Keisha has $4300 now and plans on investing it in a fund that will pay her 12% interest compounded quarterly. How much will Keisha have accumulated after 2 years? (Use appropriate factor(s) from the tables provided.)

A) $5332.00 B) $5447.24

C) $4300.00 D) $5393.92

E) $4816.00

12) Pelcher Company acquires a machine by issuing a note that requires semiannual payments of $5500 for 5 years. The interest rate on the note is 12% compounded semiannually. What is the cost of the machine? (Use appropriate factor(s) from the tables provided.)

A) $55,000.00 B) $19,834.51

C) $36,538.35 D) $18,149.40

E) $40,480.55