menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Finance Study Set 2
  4. Exam
    Exam 5: Time Value of Money
  5. Question
    For Any Positive Interest Rate,the Future Value of $100 Increases
Solved

For Any Positive Interest Rate,the Future Value of $100 Increases

Question 157

Question 157

True/False

For any positive interest rate,the future value of $100 increases with the passage of time.Thus,the longer the period of time,the greater the future value.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q11: An ordinary annuity is an annuity in

Q21: Danny Joe borrows $10,500 from the bank

Q33: _ is the amount earned on a

Q86: A lottery administrator has just completed the

Q103: Aunt Tillie has deposited $33,000 today in

Q110: The present value of a $25,000 perpetuity

Q117: The future value of an annuity due

Q124: Ken borrows $15,000 from a bank at

Q147: When computing an interest or growth rate,

Q160: A charitable foundation has $500,000 invested in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines