Sam was injured in an accident, and the insurance company has offered him the choice of $24,000 per yea for 15 years, with the first payment being made today, or a lump sum. If a fair return is 7.5%, how large mu the lump sum be to leave him as well off financially as with the annuity? a. $227,739.69 b. $219,396.16 c. $219,020.17 d. $235,850.87 e. $211,850.87 You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $2,500 at the end of each month, how many months will it take for your account to grow to $455,000? a. 123.88 months b. 98.19 months c. 124.39 months d. 37.80 months e. 38.73 months 0= Icon Key