Option C: Jason doesn't want to have to deal with renters, property maintenance, property taxes, property...

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Option C: Jason doesn't want to have to deal with renters, property maintenance, property taxes, property insurance, or any other issues required to actively manage his investments. He decides to invest his $60,000 inheritance in the stock market and asks a New York Life stockbroker for advice on how to invest his money. His broker convinces Jason to invest in a mutual fund with a 4% load. Jason's net investment grows at an average annual rate, after taxes, of 8%. After 15 years, Jason plans to convert the investment into cash and deposit the money into an account at Simmons Bank for his son's college and to establish a nest egg for his retirement. (3.5 points) What is the expected value of Option C when Jason deposits the money into Simmons Bank? (Show how you calculate the value) Option C: Jason doesn't want to have to deal with renters, property maintenance, property taxes, property insurance, or any other issues required to actively manage his investments. He decides to invest his $60,000 inheritance in the stock market and asks a New York Life stockbroker for advice on how to invest his money. His broker convinces Jason to invest in a mutual fund with a 4% load. Jason's net investment grows at an average annual rate, after taxes, of 8%. After 15 years, Jason plans to convert the investment into cash and deposit the money into an account at Simmons Bank for his son's college and to establish a nest egg for his retirement. (3.5 points) What is the expected value of Option C when Jason deposits the money into Simmons Bank? (Show how you calculate the value)