QUESTION 23 Assuming an interest rate of 12%, if you invest a lump sum of $5,000 now, the balance of your investment in 7 years will be closest to Future Value of $1 Periods 8% 10% 12% 14% 5 1.469 1.611 1.762 1.925 6 1.587 1.772 1.974 2. 195 1.714 1.949 2.211 2.502 8 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 Future Value of Annuity of $1 Periods 8% 10% 12% 14% 5 5.867 6.105 6.353 6.610 7.336 7.716 8.115 8.536 8.923 9.487 10.089 10.730 8 10.637 11.436 12.300 13.233 g 12.488 13.579 14.776 16.085 10 14.487 15.937 17.549 19.337 $2,260. O $11,055. $35,000. $22,820