Multiple Choice
Which of the following will increase the future value of a lump sum investment?
I.Decreasing the interest rate
II.Increasing the interest rate
III.Increasing the time period
IV.Decreasing the amount of the lump sum investment
A) I and III only
B) I and IV only
C) II and III only
D) II and IV only
E) II, III, and IV only
Correct Answer:
Verified
Correct Answer:
Verified
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