Determining the future value of the investment

Reference no: EM1312358

Carlos Menendez is planning to invest $3,500 every year for the next six years in an investment paying 12 percent annually. What will be the amount he will have at the end of the six years? (Round to the nearest dollar.)

a) $21,000

b) $28,403

c) $24,670

d) $26,124

Reference no: EM1312358

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