Assuming that college costs continue to increase an average of 4% per year and that all her college savings are invested in an account paying 7% interest,then the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education is closest to:
A)$97,110
B)$107,532
C)$101,291
D)$50,000
E)$85,790

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The Answer of Assuming that college costs continue to increase an average of 4% per year and that all her college savings are invested in an account paying 7% interest,then the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education is closest to:
A)$97,110
B)$107,532
C)$101,291
D)$50,000
E)$85,790

Assuming That College Costs Continue to Increase an Average of 4