If I Invest $1,000 in a Financial Instrument Paying 10

question 44

Multiple Choice

If I invest $1,000 in a financial instrument paying 10% simple interest payable at the end of each year,I will

• A) not receive any interest for the first year.
• B) receive the same amount of interest each year.
• C) receive interest only for the first year.
• D) receive less interest in year ten than in year two.
• E) receive interest on both the principal and first year's interest in year two.

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