Question
You are interested in investing a $10,000 gift from your grandparents for the next four years in a mutual fund that pays 8 percent annually.
You are interested in investing a $10,000 gift from your grandparents for the next four years in a mutual fund that pays 8 percent annually. What will your investment be worth at the end of four years?
| A. | $10,800 | |
| B. | $13,605 | |
| C. | $14,200 | |
| D. | $15,215 |
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Financial Management For Decision Makers
Authors: Peter Atrill
9th Edition
1292311436, 978-1292311432
