Multiple Choice
Which of the following is true of the future value of an investment?
A) The higher the interest rate, the higher the future value of an investment.
B) The lower the interest rate, the higher the future value of an investment.
C) The lower the number of compounding periods, the higher the future value of an investment.
D) The lower the present value of an investment, the higher the future value of an investment.
Correct Answer:
Verified
Correct Answer:
Verified
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