What Amount Will Be in an 8% Bank Account Three

question 87

Multiple Choice

What amount will be in an 8% bank account three years from now if £6,000 is invested each year for four years with the first investment to be made today?

• A) (£6,000 × 1.260) + (£6,000 × 1.166) + (£6,000 × 1.080) + £6,000
• B) £6,000 × 1.360 × 4
• C) (£6,000 × 1.080) + (£6,000 × 1.166) + (£6,000 × 1.260) + (£6,000 × 1.360)
• D) £6,000 × 1.080 × 4

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