Assuming an interest rate of 14%, if you invest a lump sum of $7,000 now, the balance of your investment in 10 years will be closestto:

i Data Table X Future Value of $1 Periods 8% 10% 12% 14% LO 1.469 1.611 1.762 1.925 1.587 1.772 1.974 2. 195 1.714 1.949 2.211 2.502 1.851 2.144 2.476 2.853 1.999 2.358 2.773 3.252 10 2.159 2.594 3.106 3.707 Print Done i Data Table - X Future Value of Annuity of $1 Periods 8% 10% 12% 14% LO 5.867 6. 105 6.353 6.610 CO 7.336 7.716 8.11! 8.536 8.923 9.487 10.089 10.7 10.637 11.436 12.300 13.233 12.488 13.579 14.776 16.085 10 14.487 15.937 17.549 19.337 Print Done