RQ $22\mathrm{.}3.$ You need to transfer $$250,000$ from Houston to Chicago. If you mail a check, it will

cost $$1\mathrm{.}00$ for postage and clearing the check, and it will take a total of five days for the

funds to be transferred. During the money's $5-$day travel, you will suffer an opportunity cost,

because the $$250,000$ is not earning $3\%$ APY interest. Alternatively, you can avoid the

opportunity cost by sending a wire transfer costing $$12\mathrm{.}00,$ which instantaneously transfers

the funds with no float. Which of the below statements is true?

The cost of check is about $$106\mathrm{.}85$ and the cost of wire transfer is $$13.$

The cost of check is the cheapest because it has the lower fixed cost.

The cost of check is about $$100\mathrm{.}74$ and the cost of wire transfer is $$12.$

The cost of check is about $$103\mathrm{.}74$ and the cost of wire transfer is $$12..$