You Are Scheduled to Receive $5,000 in Two Years

question 19

Multiple Choice

You are scheduled to receive $5,000 in two years.When you receive it, you will invest it at 6.5 percent per year.How much will your investment be worth eight years from now?

• A)$7,295.71
• B)$8,274.98
• C)$6,850.43
• D)$10,665.75
• E)$7,302.27

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