Shekhar Plans to Invest $1,820 in a Mutual Fund at the End

Multiple Choice

Shekhar plans to invest $1,820 in a mutual fund at the end of each of the next six years. If his opportunity cost rate is 8 percent compounded annually, how much will his investment be worth after the last annuity payment is made? Use the equation method to calculate the worth of the investment. 

A) $11,125.76
B) $11,857.58
C) $12,580.20
D) $13,351.39
E) $14,871.32