An Individual Is Planning to Set-Up an Education Fund for Her

Multiple Choice

An individual is planning to set-up an education fund for her children. She plans to invest $10,000 annually at the end of each year. She expects to withdraw money from the fund at the end of 10 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 10 years?

A) $46,320.
B) $67,107.
C) $100,000.
D) $144,870.
E) $215,890.