You would like your newborn child to be a college student in 18 years. Assume that when the baby was born, the annual cost of attending college was $26,000. Assume college costs rise 5% annually and you can earn 7% on your investments. The estimated cost of your childs freshman year is closest to which number? A. $31,600. B. $36,520. C. $59,590. D. $62,570.