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2) Jordan is considering building a nuclear power plant, which will be ready for production in 2030. The countrys governing body is also considering a
2) Jordan is considering building a nuclear power plant, which will be ready for production in 2030. The countrys governing body is also considering a decommissioning liability law for the operator to put aside $1 million every month towards decommissioning cost, when the plant is producing electricity. During the 60 years of production life of the plant, the operator will put $1 million at the end of the month in a savings account, earning 7.25% compounded monthly. At the end of the production life of the plant, there are no more contributions and the money is expected to grow at the rate of 6% compounded quarterly for the next 30 years. How much interest is included in the future value in 2120? A) $73.85 billion B) $70.27 billion C) $11.77 billion D) $12.49 billion E) $74.57 billion
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