Use the following to answer 14-18

You are planning on investing $2,400 every year for the next 4 years. You can earn 9% on your investment. The following are your options for investing the money.

Option	Investment amount	Frequency
1	$200	Monthly
2	$600	Quarterly
3	$1,200	Semi-annually
4	$2,400	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?