How are future values affected by changes in interest rates? The lower the inter
ID: 2642017 • Letter: H
Question
How are future values affected by changes in interest rates?
The lower the interest rate, the larger the future value will be.
The higher the interest rate, the larger the future value will be.
Future values are not affected by changes in interest rates.
One would need to know the present value to determine the impact.
a.The lower the interest rate, the larger the future value will be.
b.The higher the interest rate, the larger the future value will be.
c.Future values are not affected by changes in interest rates.
d.One would need to know the present value to determine the impact.
Explanation / Answer
B. The higher the interest rate, the larger the future value will be.
references:
http://www.cb.wsu.edu/~jmorscheck/images/quiz%20keys/Quiz1_KEY.pdf
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