Assume That You Invest $1250 at the End of Each

Multiple Choice

Assume that you invest $1250 at the end of each of the next 15 years in a mutual fund.You currently have $10,000 in the mutual fund.The annual rate of interest that you expect to earn in this account is 4.35%.The amount in the account at the end of 15 years is

A) $58,940.30
B) $28,750.00
C) $37,009.35
D) $44,630.81
E) $25,690.50