You Decide to Deposit $2,000 at a Local Bank for Two

Multiple Choice

You decide to deposit $2,000 at a local bank for two years at a 8% rate of interest compounded annually. What is the future value of your investment? (Do not round any intermediary calculations, and round your final answer to the nearest dollar.) Use the formula approach.

A) $2,000
B) $2,160
C) $2,343
D) $2,333