A price maker Group of answer choices faces a horizontal demand curve. is a seller that searches for good employees and pays the
1 answer:
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Answer:
d. $1,876,306.49
Explanation:
As for the provided information,
Total funds needed at end of 4.5 years = $2.2 million
For this current savings are to be invested on a compound interest, where the rate of interest = 3.6%
Compounding period = Annually.
Therefore, future value factor of $1 after 4.5 years @ 3.6% = 1.1726997
The value of $2.2 million as on date =
= $1,876,306.49
Therefore, the correct answer is
Option d.