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Maurinko [17]
3 years ago
5

John owns 5 health food stores in the Columbia area, and they are realizing a good profit. John decides to invest a portion of t

he profits in an annuity
offered by Penn Life Insurance. Penn Life will guarantee John 8 percent interest compounded quarterly for the first 5 years, as long as he deposits
$10,000.00 every quarter of the term of the guaranteed rate. Assuming John fulfills the obligations of the investment, what will be the value of the
investment at the end of the 5-year term?
O $245,446.58
$261,832.74
O $242,970.00
O $255,446.40
Mathematics
2 answers:
marta [7]3 years ago
5 0
Number C is the better option Aaaaaaa
Nina [5.8K]3 years ago
3 0

Answer:

b. $242,970.00

Step-by-step explanation:

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