The spot price of corn is $2.60 per bushel. The opportunity cost of capital for an investor is 0.6% per month. If storage costs of $0.03 per bushel per month are factored in, all else being equal, what is the future value of storage costs over a 6-month period?
A) $0.1534
B) $0.1684
C) $0.1772
D) $0.1827

Question

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The Answer of The spot price of corn is $2.60 per bushel. The opportunity cost of capital for an investor is 0.6% per month. If storage costs of $0.03 per bushel per month are factored in, all else being equal, what is the future value of storage costs over a 6-month period?
A) $0.1534
B) $0.1684
C) $0.1772
D) $0.1827

The Spot Price of Corn Is $2