### Finance: FV, PV, amortization and annuity problems

How much will $1.00 deposited in a savings account earning a compound annual interest rate of 6 percent be worth at the end of the following number of years? a. 3 b. 5 c. 10 If you require a 9 percent return on your investments, which would be preferred. Why? a. $5,000 today b. $15,000 five years from today c.