A Deposit of $25,000 Is Made on February 28^th,2007

Multiple Choice

A deposit of $25,000 is made on February 28^th,2007.Given a simple discount rate of d = 8%,what is the accumulated value of the $25,000 on May 18^th,2007,assuming the bankers rule for t?

A) $25,446.73
B) $25,440.50
C) $25,438.89
D) $25,432.88