Question: An engineer who is saving for her retirement plans to deposit $500 every quarter, starting one quarter from now, into an investment account. If the

An engineer who is saving for her retirement plans to deposit $500 every quarter, starting one quarter from now, into an investment account. If the account pays interest at 6% per year, compounded semiannually, the total she will have at the end of 25 years is closest to:
(a) $50,000
(b) $56,400
(c) $79,700
(d) $112,800

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