You Are Interested in Investing $15,000, a Gift from Your

Multiple Choice

You are interested in investing $15,000, a gift from your grandparents, for the next four years in a mutual 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) $18,816
B) $20,407
C) $20,221
D) $18,089