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Data Table Future Value of $1 Periods 2% 3% 4% 5% 1.219 10 1.344 1.480 1.629 1.384 1.539 11 1.243 1.710 12 1.268 1.426 1.601
Data Table Future Value of $1 Periods 2% 3% 4% 5% 1.219 10 1.344 1.480 1.629 1.384 1.539 11 1.243 1.710 12 1.268 1.426 1.601 1.796 1.665 13 1.294 1.469 1.886 1.319 1.513 14 1.732 1.980 2.079 15 1.346 1.558 1.801 Print Done Data Table Future Value of Annuity of $1 Periods 3% 2% 4% 5% 10.950 11.464 12.006 12.578 12.169 12.808 14.207 11 13.486 12 13.412 14.192 15.026 15.917 13 14.680 16.627 15.618 17.713 18.292 19.599 15.974 17.086 14 15 17.293 18.599 20.024 21.579 Print Done On a whim you purchased a scratch off lottery ticket at the gas station. It must have been your lucky day because you won $2,000,000. Being logical and rational you decide to invest the money at 5% for 14 years until you are ready to start a family. At the end of 14 years, how much will your investment be worth? E(Click the icon to view the future value of $1 table.) (Click the icon to view the future value of annuity of $1 table.) A. $39,198,000 B. $4,158,000 C. $3,960,000 O D. $1,010,000
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