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23. Assuming an interest rate of 5%, if you invest a lump sum of $6000 now, the balance investment in 7 years will be closest

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23. Assuming an interest rate of 5%, if you invest a lump sum of $6000 now, the balance investment in 7 years will be closest to: Future Value of si Periods 5% 1.216 1.276 1.340 1.407 1.477 1.551 1.629 6% 1.262 1.338 1.419 1.504 1.594 1.689 1.360 1.469 1.587 1.714 1.851 1.999 2.159 10% 1.464 1.611 1.772 1.949 2.144 2.358 2.594 1.79] Future Value of Annuity of $1 Periods 5% 4.310 5 5.526 6.802 8.142 9.549 11.027 12.578 6% 4.375 5.637 6.975 8.394 9.897 11.491 13.181 8% 4.506 5.867 7.336 8.923 10.637 12.488 14.487 10% 4.641 6.105 7.716 9.487 11.436 13.579 15.937 A) $42,000 B) $9774 C) $34,716. D) $8442

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