Suppose that you want to create a "college fund" for your newborn child and place $300 in a bank account at the end of each of the next 20 years. If that account earns an annual rate of return of 7%, how much will be in that account at the end of the twentieth year?

A) $13,420.00

B) $12,977.53

C) $13,178.20

D) $11,828.32

E) $12,298.65