Marka’s mom has invested $100/month into a 529-College Savings Plan since she was born. The plan earns 8%annually. Jon’s dad invested $200/month since the time Jon was 5 years old. Both funds earn 9% annual interest, compounded monthly, and paid at the end of the month. At the end of 18 years, who has more money saved for college?

a. Jon will have about $9,600 more than Marka.

b. Jon will have about $10,300 more than Marka.

c. Jon will have about $6,500 more than Marka.

d. None of the above.

step-by-step explanation:

i found the koficent of the linear function and i foun c acordind to the strict formula y=kx+c and then i took 2 as an x and replacet it on the formula i found and then foun the y

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of

answer: 12,000

step-by-step explanation: first you ar e supposed to add. then multiply then subtract