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Assuming an interest rate of 5%, if you invest a lump sum of $6,000 now, the balance of your investment in 7 years will be
Assuming an interest rate of 5%, if you invest a lump sum of $6,000 now, the balance of your investment in 7 years will be closest to: EEB (Click the icon to view the future value of $1 table.) EEE (Click the icon to view the future value of annuity of $1 table.) O A. $42,000. OB. $8.442 O C. $34,716. OD. $9,774 Data Table Data Table Future Value of $1 Periods 4 Future Value of Annuity of $1 5% 1.216 1.276 1.340 1.407 1.477 1.551 1.629 6% 1.262 1.338 1.419 1.504 1.594 1.689 1.791 5% 4.310 5.526 6.802 8.142 9.549 11.027 12.578 8% 4.506 5.867 7.336 8.923 10.637 12.488 14.487 8% 1.360 1.469 1.587 1.714 1.851 1.999 2.159 10% 1.464 1.611 1.772 1.949 2.144 2.358 2.594 Periods 4 5 6 6% 4.375 5.637 6.975 8.394 9.897 11.491 13.181 10% 4.641 6.105 7.716 9.487 11.436 13.579 15.937 10
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