Calculate the Value of an Investment at the End of Its

Multiple Choice

Calculate the value of an investment at the end of its fourth year if the initial investment is $10 000 and it produces the following annual rates of return: Year 1,gain 15%;Year 2,gain 17%;Year 3,loss 5%;Year 4,gain 4%.

A) $14 295
B) $13 100
C) $13 293
D) $11 957