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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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