Question: Which one of these correctly summarizes the future value formula? Assume the interest rate is positive. Multiple choice question. The higher the present value, the
Which one of these correctly summarizes the future value formula? Assume the interest rate is positive.
Multiple choice question.
The higher the present value, the lower the future value, all else held constant.
The lower the interest rate, the greater the future value, all else held constant.
The higher the interest rate, the lower the future value, all else held constant.
The greater the number of time periods, the higher the future value, all else held constant.
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