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Lets assume there is a firm that wants to invest $38,500 in a project with an interest rate of 12% annually, and that the project
Lets assume there is a firm that wants to invest $38,500 in a project with an interest rate of 12% annually, and that the project will last for ten years. What will be the interests coming from the project if the firm chooses not to reinvest any of its earnings? Assume the interest rate compounds daily.
Group of answer choices
A.) $38,500.00
B.) $46,200.00
C.) $84,575.16
D.) $89,299.29
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