The Millers Have Decided to Deposit $10,000 a Year into a Savings

question 84

Multiple Choice

The Millers have decided to deposit $10,000 a year into a savings account for their daughter's college education. She is now five years old.   How much will their daughter have for college at age 18 if the account earns 8%?

• A)​$79,038
• B)​$214,953
• C)​$27,196
• D)​$232,149

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