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You have two options for investing $30,000 for 25 years. Option A is to deposit the entire $30,000 as one lump sum at a rate
You have two options for investing $30,000 for 25 years. Option A is to deposit the entire $30,000 as one lump sum at a rate of 6.5% compounded annually for 25 years. Option B is to deposit $1,200 at the end of each year, with an interest rate of 6.5% compounded annually for 25 years. After the 25 year period, how much more will you have from the fump sum investment? Select the correct answer below: $70,665.21 $144,830.97 $72,892.43 574,165,76
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