4

Which of the following investment will have the highest future value? $1,000 invested at a quarterly interest rate of 2.25% for 10 years. $1,300 invested at a quarterly interest rate of 2.25% for 5 years. $1,000 invested at an annual interest rate of 10% for 10 years. $1,300 invested at an annual interest rate of 10% for 5 years