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You just invested $1,000 today at an annual interest rate of 10% (compounded annually). You will deposit the money today and leave all principal and
You just invested $1,000 today at an annual interest rate of 10% (compounded annually). You will deposit the money today and leave all principal and interest for 2 years. Which of the following statements is true? The future value would be larger if the interest rate was higher. The FV is $1,100. The interest earned in year 1 is $110 and in year 2 is $100. The interest earned in year 1 is $100 and in year 2 is $210
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