Dwayne Plans to Invest $4,700 in a Savings Account at the Beginning

question 45

Multiple Choice

Dwayne plans to invest $4,700 in a savings account at the beginning of each of the next 12 years. If his opportunity cost rate is 7 percent compounded annually, how much will his investment be worth at the end of 12 years?

• A)$87,542.29
• B)$89,961.02
• C)$91,250.52
• D)$93,668.27
• E)$84,075.72

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Chemical substances produced in the body that regulate and control the activity of certain cells or organs.

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