If you invest $4,000 at the end of every year for nine years at an interest rate of 6%, the balance of your investment in 5 years will be dollar OA. $22,548 B. $36,000 OC. $16,848 OD. $5,352 Round to the nearest

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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If you invest $4,000 at the end of every year for nine years at an interest rate of 6%, the balance of your investment in 5 years will be
dollar.
A. $22,548
B. $36,000
C. $16,848
D. $5,352
Round to the nearest
Transcribed Image Text:If you invest $4,000 at the end of every year for nine years at an interest rate of 6%, the balance of your investment in 5 years will be dollar. A. $22,548 B. $36,000 C. $16,848 D. $5,352 Round to the nearest
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