Use This Information to Answer the Following Question If $100 Is Invested,how Much Will It Grow to at |

question 30

Multiple Choice

Use this information to answer the following question. $$\begin{array} { | c | c | c | } \hline \text { Periods } & \text { Present Value af } \$ 1 \text { at } 7 \text { Percent } & \text { Present Value af Ordinary Annuity of } \\&&\text { \$1 at } 7 \text { Percent } \\1 & 0.935 & 0.935 \\\hline 2 & 0.873 & 1.808 \\\hline 3 & 0.816 & 2.624 \\\hline\end{array}$$
If $100 is invested,how much will it grow to at the end of the three years?

• A) $100 * .935 * 3
• B) $100 ÷ .816
• C) ($100 ÷ 2.624) * 3
• D) $100 * 2.624