A recent UCF graduate just accepted a job offer that promises her the following bonuses at the end of each of the following years: Year 2: $4,000, Year 4: $6,000, Year 6: $10,000, and Year 8: $12,000. Instead of spending the money, she decides to invest the funds in an account earning 8% annually. How much will she have at the end of year 12? O $62,106 O $53,202

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A recent UCF graduate just accepted a job offer that promises her the following bonuses at the
end of each of the following years: Year 2: $4,000, Year 4: $6,000, Year 6: $10,000, and Year 8:
$12,000. Instead of spending the money, she decides to invest the funds in an account earning
8% annually. How much will she have at the end of year 12?
O $62,106
$53,202
$58,521
$64,374
$51,936
Transcribed Image Text:A recent UCF graduate just accepted a job offer that promises her the following bonuses at the end of each of the following years: Year 2: $4,000, Year 4: $6,000, Year 6: $10,000, and Year 8: $12,000. Instead of spending the money, she decides to invest the funds in an account earning 8% annually. How much will she have at the end of year 12? O $62,106 $53,202 $58,521 $64,374 $51,936
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