Alexander Industries just had a very profitable year. The owner has decided to invest $225,000 of the profits in a venture that pays an 8% rate of return for fifteen years. How much more would the investment have been worth if the owner could have made 9% on this investment?
A) $52,910.25
B) $105,820.50
C) $211,641.00
D) $713,738.05
E) $819,558.55

Question

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The Answer of Alexander Industries just had a very profitable year. The owner has decided to invest $225,000 of the profits in a venture that pays an 8% rate of return for fifteen years. How much more would the investment have been worth if the owner could have made 9% on this investment?
A) $52,910.25
B) $105,820.50
C) $211,641.00
D) $713,738.05
E) $819,558.55

Alexander Industries Just Had a Very Profitable Year