Future Value: You Are Interested in Investing $10,000, a Gift

Multiple Choice

Future value: You are interested in investing $10,000, a gift from your grandparents, for the next four years in a managed fund that will earn an annual return of 8 percent. What will your investment be worth at the end of four years? (Round to the nearest dollar.)

A) $10,800
B) $13,605
C) $13,200
D) $12,400