Mr.Blochirt is creating a university investment fund for his daughter.He will put in $850 per year at the end of each year for the next 15 years and expects to earn an 8% annual rate of return.How much money will his daughter have when she starts university?
A) $11,250
B) $12,263
C) $24,003
D) $23,079

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The Answer of Mr.Blochirt is creating a university investment fund for his daughter.He will put in $850 per year at the end of each year for the next 15 years and expects to earn an 8% annual rate of return.How much money will his daughter have when she starts university?
A) $11,250
B) $12,263
C) $24,003
D) $23,079

MrBlochirt Is Creating a University Investment Fund for His Daughter