Compounding Investment Returns. Nancy Cardoza invested $2,450 in ExxonMobil stock because her research indicated the company should average an 8 percent return for investors over the next four years. If ExxonMobil investors do earn 8 percent each year, what will her

$2,450 investment be worth at the end of four years? (To solve this problem, you may want to use the formulas or tables in Exhibit 1-A in the appendix that follows Chapter 1 or use a future value calculator available on various websites.)

LO14-3