1. A deposit of $300 is placed into a 529-College Saving Fund at the beginning of every month for 12 years. The fund earns 9% annual interest, compounded monthly, and paid at the end of the month. How much is in the account at the end of the 12 years? Round to the near whole dollar amount. (6.3)

a. $43,200

b. $34,693

c. $77,893

d. $82,000