(Answered) Assignmentif 10000 is invested annually in an account with

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If $10,000 is invested annually in an account with 7% interest compounded yearly, what will the balance of the account be after six years? Refer to the following Future Value table:

Future value of annuity of$1:

	5%	6%	7%	8%
1	1	1	1	1
2	2.05	2.06	2.07	2.08
3	3.153	3.184	3.215	3.246
4	4.31	4.375	4.44	4.506
5	5.526	5.637	5.751	5.867
6	6.802	6.975	7.153	7.336
7	8.142	8.394	8.654	8.923

A. $71,530
B. $18,020
C. $79,050
D. $83,290

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