An investor buys a product that promises to pay an annual rate of return of 7.9%, but with monthly compounding. The investor wants to project their ending balance if the invest $100,000 today and the investment performs as advertised for the next 5 years. What is the value of the investment in five years?

An investor buys a product that promises to pay an annual rate of return of 7.9%, but with monthly compounding. The investor wants to project their ending balance if the invest $100,000 today and the investment performs as advertised for the next 5 years. What is the value of the investment in five years?

$144,319

$148,246

$142,207

$146,254

$150,478