Jane has $3,200 she wants to invest in stocks. She has found an investment that she believes will earn a 9% annual return. What will be the value of Jane's investment in 20 years if she is correct?
A) $17,933
B) $16,512
C) $14,915
D) $21,526
Answer: A
Explanation: A) $3,200 × 5.604 (FVIF) = $17,933
Business
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