Today, your grandmother gave you a gift of $25,500 to help pay for your college education. She told you that this amount was the result of a one-time investment at 7% interest 14 years ago. How much did your grandmother originally invest?

Select one:

a. $9,695.43

b. $9,373.49

c. $9,889.34

d. $9,192.45

e. $9,225.00