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You invested $1,000 four years ago. During the four years, you earned annual interest (rate of return) of 5% in year 1, 20% in year
You invested $1,000 four years ago. During the four years, you earned annual interest (rate of return) of 5% in year 1, 20% in year 2, 15% in year 3, and 10% in year 4. What is the value of this investment today?
A. | $2,513.1 | |
B. | $1,449.0 | |
C. | $2,184.3 | |
D. | $1,593.9 |
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