You Plan to Invest $2,000 Annually

Multiple Choice

You plan to invest $2,000 annually. The first $2,000 will be invested on your 22^nd birthday and the last $2,000 will be invested on your 49^th birthday. What is the value of this investment on your 50^th birthday if all invested funds earn 8% annually?

A) $205,931.87
B) $190,677.66
C) $188,677.66
D) $174,701.54