Question: You plan on saving $100 every month for ten years. Select all the true statements. Question options: If you double the size of the payments,

You plan on saving $100 every month for ten years. Select all the true statements.

Question options:

If you double the size of the payments, while holding everything else constant, you will end up with exactly twice the future value

If the interest rate is greater than 2% and you double the time (and the number of payments), you will end up with exactly twice the future value

This is an example of uneven cash flow

This is an example of a lump sum

If you were doing this problem with a financial calculator, and you were trying to compute the future value, your payments and the computed future value would have opposite signs

If you want to accrue more money at the end of the investment period, holding everything else constant, you need to start saving earlier.

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