Mr. Blochirt is creating a college investment fund for his daughter. How much will he need to deposit each year for the next 15 years to have $25,000 for college if he can earn a 8% annual rate of return. 1) $11,250 2) $12,263 3) $24,003 4) $921

Mr. Blochirt is creating a college investment fund for his daughter. How much will he need to deposit each year for the next 15 years to have $25,000 for college if he can earn a 8% annual rate of return. 1) $11,250 2) $12,263 3) $24,003 4) $921