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asap Assuming an interest rate of 12%, if you invest a lump sum of $8,000 now, the balance of your investment in 6 years will
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Assuming an interest rate of 12%, if you invest a lump sum of $8,000 now, the balance of your investment in 6 years will be closest to: Future Value of $1 Periods 8% 10% 12% 14% 5 1.469 1.611 1.762 1.925 6 1.587 1.772 1974 2.195 7 1.714 1.949 2.211 2.502 8 1.851 2.144 2.476 2.853 9 1.999 2.358 2.773 3.252 10 2.159 2.594 3.106 3.707 Future Value of Annuity of $1 Periods 8% 5 5.867 6 7336 7 8.923 8 10.637 9 12.488 10 14.487 10% 6.105 7.716 9.487 11.436 13.579 15.937 12% 6.353 8.115 10.089 12.300 14.776 17 549 14% 6.610 8.536 10.730 13.233 16.085 19.337 OA $15.792 OB $32,888 OC. $48,000 OD $4,056 Step by Step Solution
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