You have $1000 in an account earning 4% APR compounded daily.  At the same time, you are to pay a lender $1,025 in exactly 242 days.  Will your current deposit be able to satisfy that loan payment? Choose all the correct answers.    A) No, the FV of $1000 will be less than $1025.     B) Yes, the FV of $1000 will be greater than $1025    C) No, it will take longer than 242 days to grow to $1025    D) Yes, it will take less than 242 days to grow to $1025   E) Yes, because the PV of $1025 is less than $1000

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