How are future values affected by changes in interest rates? One would need to know the present
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Question:
One would need to know the present value in order to determine the impact.
The higher the interest rate, the larger the future value will be.
The lower the interest rate, the larger the future value will be.
Future values are not affected by changes in interest rates.
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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