Multiple Choice
Mr. Blochirt is creating a college investment fund for his daughter. He will put in $1,000 per year for the next 5 years starting 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) $4,212
B) $12,263
C) $5,000
D) $5,637
Correct Answer:
Verified
Correct Answer:
Verified
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