T2-22 Multiple Choice

Samantha opened a savings account this morning. Her money will earn 5% interest, compounded annually. After five years, her savings account will be worth $5,600. Assume she will not make any withdrawals. Given this, which one of the following statements is true?

A. Samantha deposited more than $5,600 this morning. B. The present value of Samantha's account is $5,600. C. Samantha will earn an equal amount of interest every year for the next five years. D. Samantha could deposit less money and still have $5,600 in five years if she earns 6% interest. E. Samantha could deposit less money and still have $5,600 in five years if she earns 4% interest.