12) To save for his newborn's college education, Tim Geithner will invest $5,000 at the end of each year for the next 18 years. The interest rate is 11%. What is the future value? a) $251,980 b) $278,749 c) $143,775 d) $38,508 13) Christopher Cox invests $10,000 in a money market account at his local bank. He receives annual interest of 8%. How much will he have in three years? a) $25,771 b) $7,938 c) $32,464 d) $12,597

12) To save for his newborn's college education, Tim Geithner will invest $5,000 at ute end of each year for the next 18 years. The interest rate is 11%. What is the future value? a) $251,980 b) $278,749 c) $143,775 d) $38,508 13) Christopher Cox invests $10,000 in a money market account at his local bank. He receives annual interest of 8%. How much will he have in three years? a) $25,771 b) $7,938 c) 532,464 d) $12,597