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What would be the PV of the $8,500 received in 13 years if a bank...

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What would be the PV of the $8,500 received in 13 years if a bank offering the 6.2% rate had monthly compounding? O a. $3,819.99 O b. $3,804.33 OC. $3.938.34 O d. $3,888.66 You are investing $2,250 at the end of every year for 13 years to build up a down payment for a new home. The money is invested at 5.5%, with annual compounding. How much will you have in your account at the end of the 13 years? Round to the nearest dollar. Select one: O a $30,713 O b. $41,145 c. $39,810 O d. $37,210

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