investment will pay $332,640 at the end of next year for an investment of $220,000 at the start of the year. If the market interest rate is 8% over the same period, should this investment be made?
A.
Yes, because the investment will yield $85,536 more than putting the money in a bank.
B.
Yes, because the investment will yield $76,032 more than putting the money in a bank.
C.
Yes, because the investment will yield $95,040 more than putting the money in a bank.
D.
No, because the investment will yield $95,040 less than putting the money in a bank.