## Question

# To save for her newborn son's college education, Lea Wilson will invest $1,000 at the beginning of each year for the next 18 years. The

To save for her newborn son's college education, Lea Wilson will invest $1,000 at the beginning of each year for the next 18 years. The interest rate is 12 percent. What is the future value?

1) $7,690

2) $34,931

3) $63,440

4) $55,750

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