Solve the Problem $\$ 14,000$ In 2 Years to Return to College to Get an Years

question 143

Multiple Choice

Solve the problem.
-Cindy will require $\$ 14,000$ in 2 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at $11 \%$ compounded continuously, she will have enough for school? (Round your answer to the nearest dollar.)

• A) \(\$ 11,235\)
• B) \(\$ 11,363\)
• C) \(\$ 17,445\)
• D) \(\$ 9017\)

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