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You are considering where to invest $1,000. Four savings accounts are possible: Savings account A Savings account B Savings account C Savings account D Future
You are considering where to invest $1,000. Four savings accounts are possible:
| Savings account A | Savings account B | Savings account C | Savings account D |
Future value in 2 years | $1,020.40 | $1,086.40 | $1,074.90 | $1,041.60 |
Internal rate of return | 2% | 8% | 7% | 4% |
Which account is the best investment alternative?
Group of answer choices
Savings account D
Savings account A
Savings account C
Savings account B
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