You have just visited your financial planner and decided you want to have $200,000 in your newborn daughter's college account by the time she is 18 years old. You feel you can start saving $400 a month right away for this. What rate of return will you need to reach your goal?

choices:

A. 6.91% B. 8.37% C. 9.78% D. 10.91% E. 11.97%