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4) An individual is planning to set-up an education fund for her daughter. She plans to invest $6300 annually at the end of each year.
4) An individual is planning to set-up an education fund for her daughter. She plans to invest $6300 annually at the end of each year. She expects to withdraw money from the fund at the end of 9 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 9 years? (Use appropriate factor(s) from the tables provided.)
A) $78,671.88 B) $61,236.00
C) $41,067.18 D) $113,400.00
E) $45,360.00
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