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Use the following to answer 1 4 - 1 8 You are planning on investing $ 1 , 2 0 0 every year for the

Use the following to answer 14-18
You are planning on investing $1,200 every year for the next 7 years.
You can earn 10% on your investment. The following are your
options for investing the money.
$ What is the value of your investment if you select
option 1(round to nearest dollar)?
What is the value of your investment if you select
option 2(round to nearest dollar)?
$ What is the value of your investment if you select
option 3(round to nearest dollar)?
$ What is the value of your investment if you select
option 4(round to nearest dollar)?
Which of the above is your best investing option?
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