Multiple Choice
Which of the following investments has a larger future value: A $100 investment earning 10% per year for 5 years or a $100 investment earning 5% per year for 10 years?
A) An investment of $100 invested at 10% per year for 5 years because it has a future value of $161.05.
B) An investment of $100 invested at 10% per year for 5 years because it has a future value of $162.89.
C) An investment of $100 invested at 5% per year for 10 years because it has a future value of $161.05.
D) An investment of $100 invested at 5% per year for 10 years because it has a future value of $162.89.
Correct Answer:

Verified
Correct Answer:
Verified
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