Future Value: Wes Ottey Would Like to Buy a Condo

Multiple Choice

Future value: Wes Ottey would like to buy a condo in Florida in six years. He is looking to invest $75,000 today in a stock that is expected to earn a return of 18.3 percent annually. How much will he have at the end of six years? (Round to the nearest dollar.)

A) $205,575
B) $157,350
C) $184,681
D) None of the above