Question: 1. (TRUE or FALSE?) The lower the interest rate, the faster the investment will grow. 2. (TRUE or FALSE?) The higher the interest rate, the

1. (TRUE or FALSE?) The lower the interest rate, the faster the investment will grow.

2. (TRUE or FALSE?) The higher the interest rate, the lower the future value of an investment.

3. (TRUE or FALSE?) Compound growth occurs when the initial value of a number increases or decreases each period by the factor 1/(1 + growth rate).

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