The future value of a dollar
1) decreases with compounding
2) increases with compounding
3) decreases with higher interest rates
4) increases with higher interest rates
A) 1 and 3
B) 1 and 4
C) 2 and 3
D) 2 and 4
Correct Answer:
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Q1: Which is the largest if the interest
Q2: Even if the interest rate is only
Q4: If interest rates are 9 percent, an
Q5: Which is smallest if the interest rate
Q6: If a bank pays 5 percent compounded
Q7: The more frequently interest is compounded, the
Q8: An annuity of $100 for 10 years
Q9: Compounding refers to the earning of interest
Q10: Discounting refers to the process of bringing
Q11: The future value of a dollar
1) increases
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