(Answered) Question - a couple is saving for their childs college

Accounting

Question - A couple is saving for their child's college tuition. On January 1, they open an account and plan to invest $250 at the end of each month while earning 9% per year in the account.

How much will the couple be able to give their child for college after 12 years saving?

$39,240.00

$64,427.89

$5,035.18

$3,240.00

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