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Assuming an interest rate of 14%, if you invest a lump sum of $7,000 now, the balance of your investment in 8 years will be

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Assuming an interest rate of 14%, if you invest a lump sum of $7,000 now, the balance of your investment in 8 years will be closest to: \begin{tabular}{c|c|c|c|c|} 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 \end{tabular} Future Value of Annuity of $1 \begin{tabular}{ccccc|} Periods & 8% & 10% & 12% & 14% \\ 5 & 5.867 & 6.105 & 6.353 & 6.610 \\ 6 & 7.336 & 7.716 & 8.115 & 8.]^{36} \) \end{tabular} Future Value of Annuity of $1 Periods56789108%5.8677.3368.92310.63712.48814.48710%6.1057.7169.48711.43613.57915.93712%6.3538.11510.08912.30014.77617.54914%6.6108.53610.73013.23316.08519.337

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