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Assume You Can Save $8,500 at the End of Year

Question 103

Multiple Choice

Assume you can save $8,500 at the end of Year 2, $9,300 at the end of Year 3, and $7,100 at the end of Year 6.If today is Year 0, what is the future value of your savings 10 years from now if the rate of return is 7.8 percent annually?


A) $35,211.57
B) $37,235.16
C) $40,822.55
D) $42,321.68
E) $44,564.54

Correct Answer:

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