An Investment Promises to Return $1,000 at the End of Each

Multiple Choice

An investment promises to return $1,000 at the end of each of the next 5 years and then $2,000 at the end of each of the next 10 years years 6 through 15) . What is the value of this investment today at a 4% interest rate?

A) $16,429.84
B) $17,784.95
C) $11,421,37
D) $15,570.21