If Your Goal Was to Have the Largest Amount of Money

Multiple Choice

If your goal was to have the largest amount of money in your bank account as possible in two years, which option would you choose? (Assume that the beginning deposit and all interest earnings remain in the account for the full two years.)

A) a beginning deposit of $930, earning 8% per year
B) a beginning deposit of $950, earning 5% per year
C) a beginning deposit of $1,000, earning 4% per year
D) a beginning deposit of $1,010, earning 3% per year