Question: QUESTION: For a given positive interest rate, the future value of $100 increases with the passage of time. Thus, the longer the period of time,

QUESTION: For a given positive interest rate, the future value of $100 increases with the passage of time. Thus, the longer the period of time, the greater the future value.

ANSWER OPTIONS: True False

You need to specifically state IN THE SUBJECT LINE if the answer is TRUE or FALSE.

EXAMPLES OF INADEQUATE RESPONSES: I think the answer is False. OR The correct answer is C.

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