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

question 99

Multiple Choice

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

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

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