Grandma gave Dad a choice 20 years ago. She asked if she should deposit $10,000 into an account when you were born or if she should deposit $1,000 a year into that same account every year for 20 years. We know today that the account has $96,462.93 in it. What would the total be if he chose the $1,000 a year for 20 years assuming the same 12% rate?
a) $0
b) $85,055.44
c) $75,025.44
d) $65,055.44