You want to have $5000 by the time you finish college in 3 years. How much money should you deposit each quarter for the next 3 years into an account paying 8% per year compounded quarterly so that you can have $5000 when you finish college?

a)$368.80

b)$372.80

c)$370.80

d)$369.80

e)$371.80

f)None of the above.