(TCO 3) You deposited $11,000 in your bank account today. Which of the following
ID: 2678785 • Letter: #
Question
(TCO 3) You deposited $11,000 in your bank account today. Which of the following will decrease the future value of your deposit, assuming that all interest is reinvested? Assume the interest rate is a positive value. Select all that apply: (Points : 4)a decrease in the interest rate
increasing the initial amount of your deposit
increasing the frequency of the interest payments
decreasing the length of the investment period
(TCO 3) Thirteen years from now, you will be inheriting $30,000. What is this inheritance worth to you today, if you can earn four percent interest compounded annually? (Points : 4)
$18,017.22
$20,741.87
$23,190.98
$26,359.88
$28,846.15
Explanation / Answer
increasing the initial amount of your deposit $26,359.88
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