Shaun is planning to invest $570 in a mutual fund at the end of each of the next eight years. If his opportunity cost rate is 6 percent compounded annually, how much will his investment be worth after the last annuity payment is made?

A. $5,055
B. $5,642
C. $5,980
D. $6,026
E. $6,222


Answer: B

Business

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