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Assuming an interest rate of 10%, if you invest a lump sum of $5,000 now, the balance of your investment in 8 years will be
Assuming an interest rate of
10%, if you invest a lump sum of
$5,000 now, the balance of your investment in
8 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 | 1.974 | 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% | 10% | 12% | 14% |
5 | 5.867 | 6.105 | 6.353 | 6.610 |
6 | 7.336 | 7.716 | 8.115 | 8.536 |
7 | 8.923 | 9.487 | 10.089 | 10.730 |
8 | 10.637 | 11.436 | 12.300 | 13.233 |
9 | 12.488 | 13.579 | 14.776 | 16.085 |
10 | 14.487 | 15.937 | 17.549 | 19.337 |
A.
$40,000
B.
$26,675
C.
$2,335
D.
$10,720
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