Mr Fish Wants to Build a House in Ten Years

Multiple Choice

Mr. Fish wants to build a house in ten years. He estimates that the total cost will be $150,000. If he can put aside $10,000 at the end of each year, what rate of return must he earn in order to have the amount needed?

A) Between 8% and 10%
B) Between 6% and 8%
C) Above 10%
D) Between 4% and 6%