$1,000 invested today at 6% interest would be worth ________ one year from now. (Choose the closest answer.)
A. $1,600
B. $1,060
C. $1,160
D. $1,006
Answer:B
$1,000 invested today at 6% interest would be worth ________ one year from now. (Choose the closest answer.)
A. $1,600 B. $1,060 C. $1,160 D. $1,006