Joshua inherits 54,213 on April 14 and invests this money in a savings account for 5 years. There are three options for the savings rate: 4% compounded annually, (4-0.125) % compounded quarterly, and (4-0.250)% compounded continuously. he also wants to buy a pick-up truck so he waits for the end of the year and gets the vendor to give him a deal so he can pay for the pickup truck only using the inherited sum. The deal is that she has to make only one payment after (5-1) years. The vendor offers him two options for this payment: either an annual interest rate compounded semi-annually of (4+7)% or (4+7.75)% compounded continuously. The cash value of the truck today is (54,213-25000).