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ou are considering investing $1,000 in one of two savings accounts. One pays 6% annual interest, the other pays 7% annual interest. Which is true?

ou are considering investing $1,000 in one of two savings accounts. One pays 6% annual interest, the other pays 7% annual interest. Which is true?

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The future value of the 7% savings account is higher than the future value of the 6% savings account.

The internal rate of return of the 7% savings account is lower than the internal rate of return of the 6% savings account.

The net present value of the 7% savings account is lower than the net present value of the 6% savings account.

The present value of the 7% savings account is lower than the present value of the 6% savings account.

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