Question $11$

You need to have $$100,000$ in five years to pay off a home equity loan. You can invest in an account that pays $5\mathrm{.}25$ percent compounded quarterly. How much will you have to invest today to attain your target in five years? $($Round to the nearest dollar.$)$

$$69,911$

$$71,493$

$$77,044$

$$81,421$