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2. If you deposit $100 in an account that pays 10% annual interest how much will it be worth in 10 Years? A) It will
2. If you deposit $100 in an account that pays 10% annual interest how much will it be worth in 10 Years? A) It will be worth $249.37 if compounded semi-annually B) It will be worth $259.37 if compounded annually C) It will be worth $268.51 if compounded monthly D) It will be worth $268.51 if compounded quarterly 3. An annuity may be defined as a payment at a fixed interest rate. a series of payment of unequal amount a series of yearly payments a series of consecutive payment of equal amounts
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