Multiple Choice
Monika has $6,000 in her investment account. She wants to withdraw her funds when her account reaches $10,000. A decrease in the rate of return she earns will:
A) Increase the value of her account faster.
B) Cause her to wait longer before withdrawing her money.
C) Cause the present value of her account to decrease.
D) Allow her to withdraw more money sooner.
E) Cause the compounding effect to increase.
Correct Answer:
Verified
Correct Answer:
Verified
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