Shaun Is Planning to Invest $570 in a Mutual Fund

question 57

Multiple Choice

Shaun is planning to invest $570 in a mutual fund at the end of each of the next eight years. If his opportunity cost rate is 6 percent compounded annually, how much will his investment be worth after the last annuity payment is made?

• A)$5,055
• B)$5,642
• C)$5,980
• D)$6,026
• E)$6,222

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Definitions:

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Items that were unintentionally left or forgotten by their owner, where the owner is not known or cannot be found.

Original Owner

The first or initial owner of an item, property, or intellectual property right.

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The state or fact of being the legal possessor or holder of an item, property, or asset.

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The action of making, creating, manufacturing, or bringing something into existence.