Alexander Industries Just Had a Very Profitable Year

Multiple Choice

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