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You want to save up to pay your 5-year-old childs college tuition fee, which costs $52,500, when hell be 18. You currently have $14,600 that

You want to save up to pay your 5-year-old childs college tuition fee, which costs $52,500, when hell be 18. You currently have $14,600 that youve set aside for this goal that you will not be investing. Given an interest rate of 6.2%, how much would you need to invest now to be able to pay for their college. Select one: a. $ 24,018.21 b. $ 38,863.04 c. $ 9,418.21 d. $ 17,779.44

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