Question: 6. -/1 POINTS CRAUDQL3 4.3.042. MY NOTES | ASK YOUR TEACHER You are discussing a regular monthly deposit plan with an investment planner. The interest

 6. -/1 POINTS CRAUDQL3 4.3.042. MY NOTES | ASK YOUR TEACHER

6. -/1 POINTS CRAUDQL3 4.3.042. MY NOTES | ASK YOUR TEACHER You are discussing a regular monthly deposit plan with an investment planner. The interest rate is fixed over the relatively short period of the investment. The planner tells you what ending balance you can expect. Explain how you can quickly check whether the figure the planner gave you is reasonable. Choose the best answer. Multiply the deposit amount by the number of deposits. This estimate should be less than the figure you were told by your investment planner. Multiply the deposit amount by the number of deposits. This estimate should be more than the figure you were told by your investment planner. o Multiply the deposit amount by the interest rate. This estimate should be less than the figure you were told by your investment planner. Multiply the deposit amount by the interest rate. This estimate should be more than the figure you were told by your investment planner

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