22)

To build their savings, a family plans to save $900 each quarter. Their savings are erpected to eam 6.86x per annum compounded quarterly. The first deposit of $900 will be in exactly one quarter (3 months). After 14 years and 56 deposits, how much will the family have in savings? a. 96885.24 b. 101061.33 C. 105237.42 d. 83521.76 e. 74334.37 f. 78510.46