[it View History Bookmarks Window Help 455' LE 6t%@ m. , 7 , openvellum.ecolleqe.com 7 7 fl mathxl.com Spring17 MAT 143-40 Jordan Bogue Li}; 3/9/17 7:57 Pt" Test 3: ' 9 s it Tlme Remaining: 02:04:11 Submit Tesl 'tpt 4 10of17(10complete)V } Suppose someone wants to accumulate $70,000 for a college fund over the next 15 years. Determine whether the followingjnvestment plans will allow the person to reach the goal. Assume the compounding and payment periods are the same. l X The person deposits $100 per month into an account with an APR of 7%. at; imeetithe correct choice below and fill in the answer box to complete your choice? 7 if" Iw fi fi fi f > (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) O A- No, because the amount that will be in the college fund, $D, is less than the goal of $70,000. 0 3- Yes, because the amount that will be in the college fund, is more than the goal of $70,000. tiiiwy ,.tii%'=lr=1 - [huff-"Ai Ka "Pali": BY" toucktosetectandmmmwm). > in at it titus