Question: Kris will receive $800 a month for the next five years from an insurance settlement. The interest rate is 4 %, compounded monthly, for the

Kris will receive $800 a month for the next five years from an insurance settlement. The interest rate is 4 %, compounded monthly, for the first two years and 5 %, compounded monthly, for the final three years. What is this settlement worth to him today? A. $36,003.18

B. $38,219.97

C. $41,388.71

D. $43,066.22

E. $45,115.16

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