Question: All else constant, if the interest rate increases, what happens to the future value of some amount of money deposited today? For example, what will
All else constant, if the interest rate increases, what happens to the future
value of some amount of money deposited today? For example, what will
happen to the future value, years from today where of $
deposited into an account today if the interest rate increases from to
The future value will increase
The future value will decrease
The future value will remain the same
The future value might increase, decrease or remain the same,
depending on exact value of
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