When computing an interest or growth rate, the rate will decrease the larger the future value, holding present value and the number of periods constant.

Name: When computing an interest or growth rate, the rate will decrease the larger the future value, holding present value and the number of periods constant.
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Question

Quizplus · Accepted Answer

This statement is false. The interest or growth rate may or may not decrease with an increase in future value, depending on factors such as the present value and number of periods.

When Computing an Interest or Growth Rate, the Rate Will