You want to save up to pay your 3-year-old childs college tuition fee, which costs $84,350, when hell be 18. You currently have $35,570 that youve set aside for this goal that you will not be investing. Given an interest rate of 2.4%, how much would you need to invest now to be able to pay for their college.

Select one:

a.$ 23,529.76

b.$ 62,439.94

c.$ 28,565.63

d.$ 34,215.06