Assuming an Interest Rate of 6%, If You Invest a Lump

question 187

Multiple Choice

Assuming an interest rate of 6%, if you invest a lump sum of $6,000 now, the balance of your investment in 7 years will be closest to

• A) $9,024.
• B) $10,746.
• C) $33,492.
• D) $36,000.