Question: Max deposited $ 5 0 , 0 0 0 into his retirement savings account. The interest compounds annually at 6 % and Max will not

Max deposited $50,000 into his retirement savings account. The interest compounds annually at 6% and Max will not withdraw any amount
from this account till he retires in 15 years. According to this scenario, which of the followings statements is true?
Total interest earned =$50,0000.0515
The present value of this investment =$50,000
Maxs interest earnings will double in value every year
Maxs interest carnings an year from now will be equal to his interest earnings 10 years from now
Max deposited $50,000 into his retirement savings account. The interest compounds

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