Ruby Is Expecting Her First Child Next Month and Would

Multiple Choice

Ruby is expecting her first child next month and would like to have $80 000 saved for university education when the child turns 17.If Ruby can get a 6.6 percent annual return on the education savings for her child,how much does she need to start saving each month once the baby is born?

A) $2688
B) $392
C) $224
D) $218