Consider the Following Two Options

Multiple Choice

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 invest your money in the bank, you will receive ________ on maturity.

A) $172,304.74
B) $898,797.66
C) $3,521,725.58
D) $4,020,025.01