Suppose Mr. Mitchell wants to set aside $3,000 at the end of each year for the next 18 years to create a college fund for his children. He will deposit the money in a savings account that has an annual interest rate of 4% and compounds interest annually. How much money will he have in his bank account at the end of 18 years?

a. 155,983

b. 64,237

c. 54,000

d. 76,936