Bonnie agreed to set aside $600 at the beginning of each year for the next 9 years in an education fund for her only child. The fund pays interest at 5.5% p.a. compounded annually. What will be the balance of the fund (in dollars) at the end of the nine years? 1) $7,864 2) $7,125 3) $7,924 O4) 4) $7,300