If you put 100 into a bank account that earns five percent ...

[kamilo84]

If you put 100 into a bank account that earns five percent interest per year, what is the formula you should use to determine the account's future value in one year?
 
  A) Future value = Present value  (1 + i) B) Future value = (Present value  i)
  C) Future value = (Present value / i) D) All of these yield the same answer.

Question 2

If a dollar a year from now will likely have less purchasing power because of inflation, then a dollar today ________ a dollar a year from now.
 
  A) is more valuable than B) has the same value as
  C) is less valuable than D) may be more valuable or less valuable than

[billybob123]

Answer to Question 1

A

Answer to Question 2

A

[kamilo84]

Thanks for the timely response, appreciate it

[mjenn52]

Wow, this really help