You are considering an investment that is expected to pay 5 percent in year 1, 7 percent in years 2 and 3 and 9 percent in year 4. If you invest $2,000 today, what will this investment be worth at the end of the fourth year?
A) $2,501.42
B) $2,693.71
C) $2,713.04
D) $2,620.68

Question

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The Answer of You are considering an investment that is expected to pay 5 percent in year 1, 7 percent in years 2 and 3 and 9 percent in year 4. If you invest $2,000 today, what will this investment be worth at the end of the fourth year?
A) $2,501.42
B) $2,693.71
C) $2,713.04
D) $2,620.68

You Are Considering an Investment That Is Expected to Pay