Which of the Following Will Result in a Future Value

question 98

Multiple Choice

Which of the following will result in a future value greater than $100?

• A) $40 deposited now with an annual interest rate of 14% for 8 years.
• B) $60 deposited now with an annual interest rate of 12% for 4 years.
• C) $60 deposited now with an annual interest rate of 8% for 6 years.
• D) $80 deposited now with an annual interest rate of 7% for 3 year.
• E) $80 deposited now with an annual interest rate of 10% for 2 year.