Michael Lynch invested $10,000 in the Rearguard Fund four years ago.All earnings were reinvested in the fund.If his compound annual rate of return was 7%,what is his investment worth today?
A)$1,310.80
B)$10,700
C)$12,800
D)$762.89

Question

Quizplus · Accepted Answer

The Answer of Michael Lynch invested $10,000 in the Rearguard Fund four years ago.All earnings were reinvested in the fund.If his compound annual rate of return was 7%,what is his investment worth today?
A)$1,310.80
B)$10,700
C)$12,800
D)$762.89

Michael Lynch Invested $10,000 in the Rearguard Fund Four Years