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What Amount Will Be in a Bank Account Three Years

Question 19

Multiple Choice

What amount will be in a bank account three years from now if $6,000 is invested each year for four years with the first investment to be made today?


A) ($6,000 × 1.260) + ($6,000 × 1.166) + ($6,000 × 1.080) + $6,000
B) $6,000 × 1.360 × 4
C) ($6,000 × 1.080) + ($6,000 × 1.166) + ($6,000 × 1.260) + ($6,000 × 1.360)
D) $6,000 × 1.080 × 4

Correct Answer:

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