Jackie Plans to Open Her Own Book Store in 10

Multiple Choice

Jackie plans to open her own book store in 10 years.To raise the "seed" money she has committed $10,000 she now has in a mutual fund.In addition, she plans to save $2,000 per year (end of year) for the next 5 years and $3,000 per year (end of year) for the following 5 years.How much "seed" money will Jackie have in 10 years if the investments earn 10 percent per year compounded annually?

A) $76,129
B) $63,925
C) $44,255
D) $159,370