Time Value of Money

1.$1,000 could be deposited in one (1) of three (3) banks.

5% interest after a year could be earned in Bank 1.

7% interest after a year could be earned in Bank 2.

9% interest after a year could be earned in Bank 3.

2.Find the future value of the $1,000 after two years if it was deposited in any of the three banks.