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If You Invest $1,000 at the End of Each of the Next

question 54

Multiple Choice

If you invest $1,000 at the end of each of the next 5 years and the investment earns 4% interest, what is the value of the investment at the end of 5 years? If you invest $1,000 at the end of each of the next 5 years and the investment earns 4% interest, what is the value of the investment at the end of 5 years?   A) $5,416 B) $4,310 C) $5,000 D) $5,200


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