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

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