Multiple Choice
Suppose that you want to create a "college fund" for your newborn child and place $300 in a bank account at the end of each of the next 20 years.If that account earns an annual rate of return of 7%,how much will be in that account at the end of the twentieth year?
A) $13,420.00
B) $12,977.53
C) $13,178.20
D) $11,828.32
E) $12,298.65
Correct Answer:
Verified
Correct Answer:
Verified
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