Watch the video and then complete parts (a) through (d) below. Click here to watch the video. Annette Michaelson will need $11,000 in 7 years to help pay for her education. Determine the lump sum, deposited today at 3.5% compounded monthly, will produce the necessary amount. UD. P= 1 + rt (c) Substitute the appropriate values. Select the correct choice below and fill in the answer boxes to complete your choice. A P= . A OB. P: 1 + rt 1 + D C OC. I= Prt = 0 OD. A=P(1 + rt) = (1+0) (d) Evaluate the expression from the previous step. (Round to the nearest cent as needed.)