A two-year investment of $200 is made today at an annual interest rate of 6%. Which of the following statements is TRUE? The future value would be greater if the interest rate were lower. The interest earned in year two is $12.00 and year one is $12.72. The interest earned in year one is $12.00 and year two is $12.72. The FV is $224.00. If you borrow $40,000 at an annual interest rate of 11% for seven years, what is the annual payment (prior to maturity) on an interest-only type of loan? $12.161.29 $6,000.00 $4,400.00 $8.333.33 LECTION