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Suppose someone wants to accumulate $55,000 for a college fund over the next 15 years Determine whether the following investment plans will allow the person

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Suppose someone wants to accumulate $55,000 for a college fund over the next 15 years Determine whether the following investment plans will allow the person to reach the goal. Assume the compounding and payment periods are the same The person deposits 590 per month into an account with an APR of 6% Gm Will the person meet the goal? Select the correct choice below and fill in the answer box to complete your choice (Round the final answer to the nearest cent as needed Round all intermediato values to skx decimal places as needed.) OA. No, because the amount that will be in the college funds to less than the goal of 555,000 O B. Yes, because the amount that will be in the collego fund, , i more than the goal of $65,000

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