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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 5 years. You can earn 9% on your
investment. The following are your options for investing the money.
Option Investment amount Frequency
1 $100 Monthly
2 $300 Quarterly
3 $600 Semi-annually
4 $1,200 Annually
14. $_________What is the value of your investment if you select option 1(round to nearest dollar)?
15. $_________What is the value of your investment if you select option 2(round to nearest dollar)?
16. $_________What is the value of your investment if you select option 3(round to nearest dollar)?
17. $_________What is the value of your investment if you select option 4(round to nearest dollar)?
18.____ Which of the above is your best investing option?

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