1. Jax and Jane need help in estimating the total cost of college for their child who is currently age 11. If their child enters college at age 18, assuming educational savings will earn 7.50 percent and college costs increase at 6.00 percent annually, how much will college cost on the first day of college? Present Value of cost is $17,000.

   	a.	$18,757.16
   	b.	$19,586.08
   	c.	$25,561.71
   	d.	$28,203.84