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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 I (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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