Your best friend just had a baby and wants to insure that enough money will be available to pay for the child's future college education. Your best friend decides to make annual deposits into an educational savings account on each of the child's birthdays, starting with the first birthday in one year from now (year 1). The educational savings account pays an annual interest rate of 10.0%. Your best friend deposits $2,600 on the child's first birthday and plans to deposit the same amount every year. Assuming that the deposit on the 16th birthday (year 16) has already been made, then the amount available for college expenses on the 16th birthday is: O $90,850.10 O $105,416.23 O $93,469.30 O $20,341.64