This discussion on Which of the following has the largest future value if $1,000 is invested today?a)Five years with a simple annual interest rate of 10 percentb)10 years with a simple annual interest rate of 8 percentc)Eight years with a compound annual interest rate of 8 percentd)Eight years with a compound annual interest rate of 7 percentCorrect answer is option 'C'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and
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Which of the following has the largest future value if $1,000 is invested today?a)Five years with a simple annual interest rate of 10 percentb)10 years with a simple annual interest rate of 8 percentc)Eight years with a compound annual interest rate of 8 percentd)Eight years with a compound annual interest rate of 7 percentCorrect answer is option 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved
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