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The Future Value Compound Factor Given for Period (N)at 15

Question 3

Multiple Choice

The future value compound factor given for period (n) at 15%:


A) Would be less than the factor for period (n + 1) at 15%
B) Would be greater than the factor given for period (n + 1) at 15%
C) Would be the same as the factor given for period (n + 1) at 15%
D) Bears no relationship to the factor for period (n + 1) at 15%

Correct Answer:

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