Determine the Principal P (To the Nearest Cent)that Will Yield $A = 2,500,000$

Multiple Choice

Determine the principal P (to the nearest cent) that will yield a balance of $A = 2,500,000$ dollars when invested at rate $r = 10 \%$ for 40 years, compounded 365 times per year. Round the answer to two decimal places.

A) $38,920.73
B) $1,541,095.89
C) $1,712.33
D) $2,472,756.03
E) $45,814.19