Mr Blochirt Is Creating a College Investment Fund for His

Multiple Choice

Mr. Blochirt is creating a college investment fund for his daughter. He will put in $1,000 per year for the next 15 years beginning one year from now and expects to earn a 6% annual rate of return. How much money will his daughter have when she starts college?

A) $11,250
B) $12,263
C) $24,003
D) $23,276