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Suppose someone wants to accumulate $45,000 for a colege fund over the next 15 years. Deformine whether the following investment plans wit allow the person
Suppose someone wants to accumulate $45,000 for a colege fund over the next 15 years. Deformine whether the following investment plans wit allow the person fo resch the goal Assumo the compouriding and paryment pertods are the same The person deposits $50 per month info an account with an APR of 6%. Wil the person meet the goal? Solect the correct choice below and fill in the answer box to complole your choice (Phound the final answer to the noarest cent as nooded. Round all intormediate values to six decimal places as neetied.) A. No, because tho amount that wil be in the collogo tund,! is less than tho goul of \$45,000. B. Yes, becauso the amount that will bo in the collego fund, {, is more than the gov of $45,000
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