X 1. Sarah now has $2,000 How much would she have after 2 years if she leaves it invested at 2% with annual compounding? * O a) $2,081 O b) $2,800 O c) $2,900 O d) $245 e) None of the above Corroct answer

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A: The objective of this question is to calculate the future value of an investment given the principal…

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A:

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A: Present value (PV) is the current value of an expected future sum of money or cash flow, discounted…

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A: Step 1 The worth of a series of periodic payments at a future date, assuming a specific rate of…

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A: Future Value = fv = $25,000Time = t = 11Interest Rate = r = 7%

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