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TLC invests $80,000 to finance an expansion project planned for 4 years from now. If the firms investment earns 5% APR rather than 4% APR,

TLC invests $80,000 to finance an expansion project planned for 4 years from now. If the firms investment earns 5% APR rather than 4% APR, how much additional value will it have 4 years from now?

Select one:

a. $3,651.82

b. $2,940.09

c. $4,711.08

d. $4,008.17

e. $4,219.68

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