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Lachlan wants to save some money for a trip to Cambodia. He plans to make regular...

Lachlan wants to save some money for a trip to Cambodia. He plans to make regular payments of $800 per month for the next 3 years into an account at Best Rates Bank that earns 7.30% interest per annum compounded daily. The first payment will be made immediately. The future value of Lachlan's savings one month after the last payment will be

Select one:

a. $32,294.65

b. $31,568.99

c. $30,122.38

d. $33,492.56

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The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

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