Without making any computations, indicate which of each pair has a higher interest rate? a. $100 doubles
Question:
a. $100 doubles to $200 in 5 years or 7 years.
b. $500 increases in 4 years to $750 or to $800.
c. $300 increases to $450 in 2 years or increases to $500 in 3 years.
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Interest rates have an inverse relationship to present ...View the full answer
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Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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