If you deposit $1,000 in a savings account at 10% interest compounded annually, at the end of three years you will have a savings-account balance of $1,331, which is the future value of $1,000 at 10% interest compounded annually for three years. True False Question 7 1 pts When the annual cash flows from an investment are the same for every year, the internal rate of return (IRR) is determined by finding the present value factor of the investment. This is done by dividing the amount of the investment by the annual net cash flows from the investment and then using a present value table of an annuity to find the interest rate closest to the present value factor at the number of time periods (life of the investment) involved. True False