Today, your grandmother gave you a gift of $22,500 to help pay for your college education. She told you that this amount was the result of a one-time investment at 8% interest 11 years ago. How much did your grandmother originally invest?

Select one:

a. $9,225.00

b. $9,192.45

c. $9,435.42

d. $9,419.25

e. $9,649.86