Suppose that you wish to save for your child's college education by opening up an educational IRA. You plan to deposit $100 per month into the IRA for the next 18 years. Assume that you will be able to earn 10%, compounded monthly, on your investment. How much will you have accumulated at the end of 18 years?
A. $54,719
B. $85,920
C. $33,548
D. $21,600
E. $60,056
A. $54,719
B. $85,920
C. $33,548
D. $21,600
E. $60,056