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If $10,000 is invested annually in an account with7% interest compoundedyearly, what will the balance of the account be after sixyears? Refer to the following

If $10,000 is invested annually in an account with7% interest compoundedyearly, what will the balance of the account be after sixyears? Refer to the following Future Valuetable:

Future value of annuity of$1:

5% 6% 7% 8%
1 1 1 1 1
2 2.05 2.06 2.07 2.08
3 3.153 3.184 3.215 3.246
4 4.31 4.375 4.44 4.506
5 5.526 5.637 5.751 5.867
6 6.802 6.975 7.153 7.336
7 8.142 8.394 8.654 8.923

A. $71,530

B. $18,020

C. $79,050

D. $83,290

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