Twenty Years Ago,you Began Investing $2,000 a Year

Multiple Choice

Twenty years ago,you began investing $2,000 a year.Because your investments earned an average of 8 percent a year,your investment portfolio has a current dollar value of $92,000.How much did you earn on your investments over the 20-year period of time?

A) $2,000
B) $40,000
C) $52,000
D) $92,000
E) $132,000