Multiple Choice
Which of the following will decrease the future value of a lump sum investment made today assuming that all interest is reinvested? Assume the interest rate is a positive value.
I.Increase in the interest rate
II.Decrease in the lump sum amount
III.Increase in the investment time period
IV.Decrease in the investment time period
A) I and III only
B) I and IV only
C) I, II, and III only
D) II and III only
E) II and IV only
Correct Answer:
Verified
Correct Answer:
Verified
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