Question: How are future values affected by changes in interest rates? One would need to know the present value in order to determine the impact. The
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.
Step by Step Solution
3.32 Rating (143 Votes )
There are 3 Steps involved in it
Future value and interest rate are directly proportional ... View full answer
Get step-by-step solutions from verified subject matter experts
