You are to invest $1000 now, $2000 in one year, $3000 in two years and $4000 in three years in an savings account with an interest of 8%. How much will you have in four years? Group of answer choices $10,832 $10,339 $11,699 $12,635

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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You are to invest $1000 now, $2000 in one year, $3000 in two years and $4000 in three years in an savings account with an interest of 8%. How much will you have in four years?
Group of answer choices
$10,832
$10,339
$11,699
$12,635
 
 
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