Suppose that a life insurance company has guaranteed a payment of $$14$ million to a pension

fund $4\mathrm{.}5$ years from now. If the life insurance company receives a premium of $$10\mathrm{.}4$ million

from the pension fund and can invest the entire premium for $4\mathrm{.}5$ years at an annual interest

rate of $6\mathrm{.}25\%,$ will it have sufficient funds from this investment to meet the $$14$ million

obligation?

A$)$ $$338,022\mathrm{.}57$

B$)-$$$338,022\mathrm{.}57$

C$)-$$$138,022\mathrm{.}57$

D$)$ $$138,022\mathrm{.}57$

A

C

B

D