Future Value: You Are Interested in Investing $10,000, a Gift

question 1

Multiple Choice

Future value: You are interested in investing $10,000, a gift from your grandparents, for the next four years in a managed fund that will earn an annual return of 8 percent. What will your investment be worth at the end of four years? (Round to the nearest dollar.)

• A) $10,800
• B) $13,605
• C) $13,200
• D) $12,400