Multiple Choice
The future value of a deposit in a savings account will be larger
A) the longer a person waits to withdraw the funds.
B) the higher the interest rate is.
C) the larger the initial deposit is.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q176: If the interest rate is 4%,in which
Q177: Suppose you put $500 into a bank
Q178: Suppose the interest rate is 8 percent.Consider
Q179: Al,Ralph,and Stan are all intending to retire.Each
Q180: If you presently have $50,000 saved and
Q182: Suppose you put $500 into a bank
Q183: What is the future value of $450
Q184: Suppose you will receive $800 in two
Q185: Imagine that two years ago you inherited
Q186: You are better off choosing $100 today