An investment pays $1,000 per year for the first four years and $2,000 per year for six years following.If the required rate of return is 8% compounded annually, how much will this investment have returned to the investor?
A)$12,557.89
B)$10,108.04
C)$9,604.64
D)$9,138.52

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The Answer of An investment pays $1,000 per year for the first four years and $2,000 per year for six years following.If the required rate of return is 8% compounded annually, how much will this investment have returned to the investor?
A)$12,557.89
B)$10,108.04
C)$9,604.64
D)$9,138.52

An Investment Pays $1,000 Per Year for the First Four