Multiple Choice
You decide to deposit $2,000 at a local bank for two years at a 7% rate of interest compounded annually.What is the future value of your investment?
A) $2,014
B) $2,028
C) $2,280
D) $2,290
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: List the variables in a single-sum problem.
Q8: A deferred annuity is an annuity for
Q65: Interest calculated on the original principal regardless
Q90: The effective interest rate is the same
Q98: Explain how to determine the converted factor
Q99: When the present value of an annuity
Q101: Which of the following is false?<br>A)To calculate
Q102: Annie Laerz wants to invest $10,000 on
Q106: At the beginning of 2017,Denero Company issued
Q107: Cocopedia Inc.is planning to issue bonds that