25. Precision Engineering invested $110,000 at 6.5 percent interest, compounded annually for 4 years. How much interest on interest did the company earn over this period of time?

A. $2,481.25

B. $2,911.30

C. $3,014.14

D. $3,250.00

E. $3,333.33

26. When you were born, your parents opened an investment account in your name and deposited $500 into the account. The account has earned an average annual rate of return of 4.8 percent. Today, the account is valued at $36,911.22. How old are you?

A. 74.47 years

B. 76.67 years

C. 81.08 years

D. 87.33 years

E. 91.75 years