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

Multiple Choice

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