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Jordan is considering building a nuclear power plant, which will be ready for production in 2030. The country's governing body is also considering a decommissioning
Jordan is considering building a nuclear power plant, which will be ready for production in 2030. The country's governing body is also considering a decommissioning liability law for the operator to put aside $1 million every month towards decommissioning cost. If the production life of the plant is 60 years and the operator puts the money at the end of the month in a savings account, earning 7.25% compounded semi-annually, what will be the value of the decommissioning fund after 60 years of production? Select one: O A. $11.88 billion O B. $10.87 billion O C. $720 million O D. $917.65 million O E. $12.49 billion
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