Question: Look at Table 4 in the Appendix. On Line 8 in the 12% column, you find the factor 4.96764. This factor in Table 4 means

Look at Table 4 in the Appendix. On Line 8 in the 12% column, you find the factor 4.96764. This factor in Table 4 means that if you invest about $4.97 for eight years you will have

A. $1 at the end of each year for eight years and $4.97 at the end of eight years

B. $4.97 at the end of each year for eight years and $1 at the end of eight years.

C. $1 at the end of eight years.

D. $1 at the end of each year for eight years.

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