Pat Recently Inherited a Large Amount of Money and Wants

Short Answer

Pat recently inherited a large amount of money and wants to put some away for her child's college education. Pat figures her daughter will need $40,000 for college at age 18. Her daughter is now 12 years old and Pat can invest the money at 10.3% compounded Continuously. How much should Pat invest now to reach her goal? (Round the answer to the nearest penny.)