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Author Question: To save for her newborn son's college education, Kelli Peterson will invest $1,500 at the end of ... (Read 59 times)

stephzh

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To save for her newborn son's college education, Kelli Peterson will invest $1,500 at the end of each year for the next 18 years. The interest rate she expects to earn on her investment is 9%. How much money will she have saved by the time her son turns 18?


◦ $55,461
◦ $69,027
◦ $61,952
◦ $68,399


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Marked as best answer by stephzh on Apr 12, 2019

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