Suppose the Annual Rate of Interest Is R Percent

Suppose the annual rate of interest is r percent.Which of the following statements is true of the future value of $1,000 for a time of T years?

A) Irrespective of whether the sum of $1,000 is borrowed or lent, the future value in both cases will equal (1 ‒ r) ᵀ × $1,000.
B) Irrespective of whether the sum of $1,000 is borrowed or lent, the future value in both cases will equal (1 + r) ᵀ × $1,000.
C) If $1,000 is borrowed, the future value will equal (1 + r) ᵀ × $1,000, but if it is lent out, the future value will equal (1 ‒ r) ᵀ × $1,000.
D) If $1,000 is borrowed, the future value will equal (1 ‒ r) ᵀ × $1,000, but if it is lent out, the future value will equal (1 + r) ᵀ × $1,000.