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Assuming an interest rate of 14%, if you invest a lump sum of $8,000 now,...

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Accounting

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Assuming an interest rate of 14%, if you invest a lump sum of $8,000 now, the balance of your investment in 7 years will be closest to (Click the icon to view the future value of $1 table) (Click the icon to view the future value of annuity of $1 table.) O A $20,016 OB. $34,304 C. $56,000 OD $3,200 i Data Table Future Value of $1 Periods 1044 5 1.469 1 611 1.772 1587 1.714 14% 1925 2.195 2.502 2.853 3.252 3.707 1.949 2.144 2.358 2.594 1.851 1.999 2.159 3.106 Print Done Data Table Future Value of Anos Periods 8% 5 867 7.336 8923 10.637 12.488 14.487 10% 5.105 7.716 9487 11.436 13.579 15.937 12% 5353 8.115 10089 12.300 14 776 17549 14% 6.610 8.538 10.730 13233 16 OBS 19337 Print Done

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