In-A-Jiff Tire Service Owner,Jeffery Haberton,has the Opportunity to Invest $360,000

In-a-Jiff Tire Service owner,Jeffery Haberton,has the opportunity to invest $360,000 at 8% interest during a one-year period.After the first year,the value of the investment is expected to be $28,800.According to the time value of money,how much would the same $360,000 be worth in one year if it is not invested at 8%?

A) $300,000
B) $308,000
C) $333,333
D) $346,800
E) $360,000