Deposits of $ R are made every 3 months starting June 15, 2012 in a fund paying interest at j 4 8 Immediately after the deposit on December 15, 2020, there is $40,000 in the fund What is R A $867 46 B $800 09 C $832 75 D $943 85

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Deposits of $ R are made every 3 months starting June 15, 2012 in a fund paying interest at j 4 = 8%. Immediately after

Deposits of $R are made every 3 months starting June 15, 2012 in a fund paying interest at j₄ = 8%. Immediately after the deposit on December 15, 2020, there is $40,000 in the fund. What is R?

A.
$867.46
B.
$800.09
C.
$832.75
D.
$943.85

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