Which of the Following Investments Has a Larger Future Value

question 66

Multiple Choice

Which of the following investments has a larger future value: A $100 investment earning 10% per year for 5 years or a $100 investment earning 5% per year for 10 years?

• A)An investment of $100 invested at 10% per year for 5 years because it has a future value of $161.05.
• B)An investment of $100 invested at 10% per year for 5 years because it has a future value of $162.89.
• C)An investment of $100 invested at 5% per year for 10 years because it has a future value of $161.05.
• D)An investment of $100 invested at 5% per year for 10 years because it has a future value of $162.89.

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Definitions:

Transformation

A thorough or dramatic change in form, appearance, or character, often in the context of personal development, societal progress, or technological advancement.

Socioeconomic Standing

A measure of an individual's or family's economic and social position in relation to others based on income, education, and occupation.

Independence Movement

A political and social movement that seeks to gain or has gained full sovereignty and independence for a country or region from another state or empire.

Institution of Slavery

A legal or societal system in which individuals are owned by others, denied freedom, and forced to work without compensation.