The Smith Co. has $450,000 to invest at 5.5% interest. How much more money will they have if they invest these funds for eight years instead of five years?
A) $62,948.21
B) $68,851.36
C) $74,250.00
D) $78,408.62
E) $102,476.93

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The Answer of The Smith Co. has $450,000 to invest at 5.5% interest. How much more money will they have if they invest these funds for eight years instead of five years?
A) $62,948.21
B) $68,851.36
C) $74,250.00
D) $78,408.62
E) $102,476.93