An Individual Is Planning to Set-Up an Education Fund for Her

Multiple Choice

An individual is planning to set-up an education fund for her children.She plans to invest $10,000 annually at the end of each year.She expects to withdraw money from the fund at the end of 10 years
And expects to earn an annual return of 8%.What will be the total value of the fund at the end of 10
Years?

A) $ 46,320
B) $ 67,107
C) $100,000
D) $144,870
E) $215,890