Anita Is Planning to Go Back to School in 2

Multiple Choice

Anita is planning to go back to school in 2 years. Once at school, she wishes to be able to withdraw $900 at the end of each month for 2 years. If interest is 4.5% compounded monthly, determine the amount that should be deposited now to fulfil her goal.

A) $18,848.06
B) $19,675.25
C) $20,437.43
D) $20,884.13
E) $21,973.28