A Asset Valuation = Price

B Wealth Accumulation

C Funding Lump sum funds lump sum

D Funding Lump sum funds ordinary level annuity

E Funding Lump sum funds delayed level annuity

F Funding Ordinary level annuity funds lump sum

G Funding Ordinary level annuity funds delayed level annuity

H Choosing Among Alternatives

Classify the problem as one of the above types. Choose Only One

You receive $4,122 today and in one year. If you invest this money in an account that pays 3.47% compounded annually, how much will you have in the account in 10 years?