Jordan Is Considering Building a Nuclear Power Plant, Which Will

Jordan is considering building a nuclear power plant, which will be ready for production in 2030. The country's governing body is also considering a decommissioning liability law for the operator to put aside $1 million every month towards decommissioning cost. If the production life of the plant is 60 years and the operator puts the money at the end of the month in a savings account, earning 7.25% compounded monthly, what will be the value of the decommissioning fund after 60 years of production?

A) $12.49 billion
B) $10.87 billion
C) $720 million
D) $11.88 billion
E) $917.65 million

Correct Answer:

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