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Suppose someone wants to accumulate $75,000 for a college fund over the next 15 years. Doteynine whether the following investment plans will allow the person

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Suppose someone wants to accumulate $75,000 for a college fund over the next 15 years. Doteynine whether the following investment plans will allow the person to reach the goal Assume the compounding and payment penods are the same The person deposits $150 per month into an account with an APFR of 8% Will the person meet the goal? Select the correct choice below and till in the answer box to complete your choice. (Round the final answer to the nearest cent as needed. Roand all intermedite values to ax decimal places as needed) A. No, because the amount that will be in the college fund, is less than the goal of 575,000 B. YeB, because the amount that will be in the college fund. is more than the goal of $75,000

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