An investor owns several apartment buildings. The taxes on these buildings total $2,000 per year and are due before April 1. The late fee is 0.5% per month up to 6 months, at which time the buildings are seized by the authorities and sold for back taxes. If the investor has $2,000 available on March 31, how much money will he save by investing the money at 9% and paying the taxes and the penalty on September 30 instead of paying the taxes at that time? Round your answer to the nearest cent.
?

A. $120.00
B. $84.00
C. $30.00
D. $75.00
E. $48.00


Answer: C

Mathematics

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