Question $18$

$4$ pts

Fifteen years ago your uncle was able to set aside a lump sum of money to be used for your college education. The amount he originally invested was $$15,000.$ Your uncle invested wisely. The compound annual return on the investment over the $15$ years is $13\%.$ How much is in the college fund today?

$$78,814$

$$93,814$

$$2,398$

$$44,250$