Question: You receive an inheritance of half a million dollars today and will also receive a million dollars from an investment in exactly 2 years time.

You receive an inheritance of half a million dollars today and will also receive a million dollars from an investment in exactly 2 years time. If you decide to spend $373,000 now but save the remainder at 11.5% p.a. compounded daily, how much will you have in Year 2? Group of answer choices $1,363,592.62 $1,023,396.58 $1,265,876.97 $1,294,527.79 $1,159,836.41

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