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Question 9 (1 point) Sored Lien Thave just received an inheritance of $500,000. I WW invest the proceeds of the inheritance in an investment that

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Question 9 (1 point) Sored Lien Thave just received an inheritance of $500,000. I WW invest the proceeds of the inheritance in an investment that is expected to generate a return of 9% per year compounded annually. I plan on holding this investment for 8 years, at which point! will sell the investment and use the cash to purchase a house. How much do I expect the Investment to be worth when I sell it 8 years from today? Round all Intermediate cakulations to 6 decimal points. Your final answer should be within $10 of the correct answer choice. $860,000 $914,020 $996.281 $1,085.947

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