Suppose an Individual Wants to Have $190,000 Available for Her

Multiple Choice

Suppose an individual wants to have $190,000 available for her child's education. Find the amount that would have to be invested at annual rate 10%, compounded continuously, if the number of years until college is 17 years. Round your answer to the nearest cent.

A) $28,735.55
B) $22,692.26
C) $34,709.87
D) $16,750.91
E) $46,079.00