Future Value: Wes Ottey Would Like to Buy an Apartment

question 47

Multiple Choice

Future value: Wes Ottey would like to buy an apartment in Sydney in six years. He is looking to invest $75,000 today in a share that is expected to earn a return of 18.3 percent annually. How much will he have at the end of six years? (Round to the nearest dollar.)

• A) $205,575
• B) $157,350
• C) $184,681
• D) $173,774

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