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1.What is the future value of $200 deposited today at 7 percent interest compounded annually for 4 years? (Round to the nearest dollar.) A.$262 B.$260

1.What is the future value of $200 deposited today at 7 percent interest compounded annually for 4 years? (Round to the nearest dollar.)

A.$262

B.$260

C.$267

D.$256

2.Raffy deposited $4000 in an investment account for 4 months. The account paid simple interest at a rate of 2.1 percent. What is the future value of his investment?

A.$4336.00

B.$4084.00

C.$4028.00

D.$4164.75

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