QUESTION25
Elbon Jaraml sends a check to their child Elin in the amount of $24,810.00 every day for 9 years. How much is this investment worth at the end of 9 years assuming interest of 5.00%?
a. $232,433.16
b. $85,279,713.66
c. $77,939,885.87
d. $212,522.90
QUESTION26
Assuming an interest rate of 3.00%, the investment is worth $595,206.43, $193,908.04, $76,224.63, or $3157.40905.