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Your daughter just gave birth to a baby girl. You are going to invest $10,000...

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Accounting

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Your daughter just gave birth to a baby girl. You are going to invest $10,000 to help pay for college, which you expect her to start in 18 years. Your broker offers you two investment choices: 1) a portfolio of technology stocks that is expected to earn an interest rate of 9%; or 2 ) a portfolio of industrial stocks that is expected to earn a rate of 8%. How much larger is the gift (when she starts college) with the higher interest rate (compared to the lower rate)? $6,160.87 $8,427.97 $5,255.93$7,211.01

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