If your goal was to have the largest amount of money in your bank account in two years, which of the following would you choose? (Assume that the beginning deposit and all interest earnings remain in the account for the full two years.)

Question

Quizplus · Accepted Answer

Option C, with a beginning deposit of $930 earning 8% per year, will yield the largest amount after two years due to the higher interest rate, despite the lower initial deposit.

If Your Goal Was to Have the Largest Amount of Money