Multiple Choice
The present value of a lump-sum future amount:
A) increases as the interest rate decreases.
B) decreases as the time period decreases.
C) is inversely related to the future value.
D) is directly related to the interest rate.
E) is directly related to the time period.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q49: Lew has $3,600 that he wants to
Q50: Rob wants to invest $15,000 for 7
Q51: Which one of the following will increase
Q52: You have just made your first $5,000
Q53: You have been told that you need
Q55: Roberto just deposited $11,500 into his savings
Q56: Today, you deposit $2,500 in a bank
Q57: The future value of a lump-sum investment
Q58: You just won $17,500 and deposited your
Q59: At 10 percent interest, how long does