Scenario: Consider the Following Two Options

Multiple Choice

Scenario: Consider the following two options. You can either invest $30,000 in a bank that offers you an interest rate of 6 percent compounded annually for 30 years, or you can lend $30,000 to your friend for 30 years at an interest rate of 10 percent compounded annually.
-Refer to the scenario above.If you lend $30,000 to your friend for 30 years,you will receive ________ when she repays the amount after 30 years.

A) $552,604.62
B) $523,482.07
C) $1,521,725.58
D) $3,620,025.01