You are creating a university investment fund for your child. You will put in $71.00 per month at the end of each month for the next 15 years and expects to earn an 8% annual rate of return, compounded monthly. How much money will you have when your child starts university?
A) $28,052.38
B) $12,780.00
C) $13,393.98
D) $24,568.71