Question: What is the answer to the question below? Future value You have $100 to invest. If you put the money into an account earning 5%

What is the answer to the question below?

Future valueYou have

$100

to invest. If you put the money into an account earning

5%

interest compounded annually, how much money will you have in

10

years? How much money will you have in

10

years if the account pays

5%

simple interest?

If you put the money into an account earning

5%

interest compounded annually, after

10

years you will have

$

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