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.

Question

Quizplus · Accepted Answer

Using the formula for future value FV = PV * (1 + r)^n, only option A results in a future value greater than $100.

Which of the Following Will Result in a Future Value