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Rita is scheduled to receive $13,000 in 2 years (year 2). When she receives it, she will immediately invest it for 6 more years in

Rita is scheduled to receive $13,000 in 2 years (year 2). When she receives it, she will immediately invest it for 6 more years in a savings account that earns 5% (APR), compounded quarterly. How much money will she have at the end of year 8?

$19,345.70

$17,515.56

$14,358.32

$14,005.98

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