The average cost of a 4-year college education is projected to be $110,000.00 in 15 years. How much money should be invested now at 1.5%, compounded quarterly, to provide $110,000.00 in 15 years? O A. $110,000.00 O B. $70,198.15 O C. $87,873.76 O D. $103,994.25

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The average cost of a 4-year college education is projected to be $110,000.00 in 15 years. How much money should be invested now at 1.5%, compounded quarterly, to provide $110,000.00 in 15 years?
O A. $110,000.00
O B. $70,198.15
OC. $87,873.76
O D. $103,994.25
Transcribed Image Text:The average cost of a 4-year college education is projected to be $110,000.00 in 15 years. How much money should be invested now at 1.5%, compounded quarterly, to provide $110,000.00 in 15 years? O A. $110,000.00 O B. $70,198.15 OC. $87,873.76 O D. $103,994.25
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