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

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The Answer of 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

Shaun Is Planning to Invest $570 in a Mutual Fund