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Which of the following investments has a larger future value: A $100 investment earning 10% per year for 5 year or a $100 investment earning
Which of the following investments has a larger future value: A $100 investment earning 10% per year for 5 year or a $100 investment earning 5% per year for 10 years? A. An investment of $100 invested 10% per year for 5 year because it has a future of $161.05. B. An investment of $100 invested 5% per year for 10 year because it has a future of $161.05. C. An investment of $100 invested 5% per year for 10 year because it has a future of $162.89. D. An investment of $100 invested 10% per year for 5 year because it has a future of $162.89
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