N23-MATHAA-SL-TZ2-P2-Q8 [Q-9B602]

Give your answers to parts (a)(ii), (c)(i) and (d) correct to two decimal places. Daniela and Sorin have each recently received some money. Daniela won a cash prize and Sorin received an inheritance. Daniela had two options to choose from to receive her winnings. In both options she receives a payment on the first day of each month for three years. Option A: Each payment is $5500. Option B: The first payment is $2000. In each month which follows, the payment is 6% more than the previous month.