Question: You are considering depositing $100 a month for the next 20 years in an account that provides a return. Which of the following will most

You are considering depositing $100 a month for the next 20 years in an account that provides a return. Which of the following will most likely increase the future value of this annuity?

  • While the sum of deposit stays constant, contribute a higher dollar amount earlier instead of evenly distributing your contributions.
  • While the sum of deposit stays constant, contribute a lower dollar amount earlier instead of evenly distributing your contributions.
  • Choose a safer investment to contribute to.
  • All of the above.
  • None of the above.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!