Mr. Blochirt is creating a college investment fund for his daughter. He will put in $850 per year for the next 15 years and expects to earn a 8% annual rate of return. How much money will his daughter have when she starts college?
A) $11,250 B) $12,263 C) $24,003 D) $23,079© BrainMass Inc. brainmass.com June 3, 2020, 7:41 pm ad1c9bdddf
Here we have to find out the compounded value of ...
The solution calculates the result of a college investment fund.