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16. What is the future value of 1,000$ earning a 5% return in 3 years using simple and compound interest? A.1,050, 1,055 B.1,150, 1,157.63 C.1,157,

16. What is the future value of 1,000$ earning a 5% return in 3 years using simple and compound interest? A.1,050, 1,055 B.1,150, 1,157.63 C.1,157, 1,150 D.1,100, 1,102.5

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