The Compound Interest Formula Can Be Rewritten As $P = \frac { A } { ( 1 + r / n ) ^ { n t } }$

Multiple Choice

The compound interest formula can be rewritten as $P = \frac { A } { ( 1 + r / n ) ^ { n t } }$ Find the principal amount $P$ that could have been invested on the day you were born at 4.5% annual interest compounded monthly to make you a millionaire on your 21st birthday.

A) $243,354.47
B) $389,367.15
C) $292,025.36
D) $194,683.58
E) $316,360.81