Evaluate $\$ 20,000\left[\frac{\left(1+\frac{0.05}{2}\right)^{4}-1}{\frac{0.05}{2}}\right]$ A) $172,405

Multiple Choice

Evaluate $\$ 20,000\left[\frac{\left(1+\frac{0.05}{2}\right) ^{4}-1}{\frac{0.05}{2}}\right]$

A) $172,405.00
B) $82,207.63
C) $83,050.31
D) $41,525.16
E) $86,202.50