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.