To Pay for Her College Education, Gina Is Saving $2,000

Multiple Choice

To pay for her college education, Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account paying 12 percent interest. How much will Gina have in that account at the end of 8th year?

A) $16,000
B) $17,920
C) $24,600
D) $27,552