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1. The future value of an investment that pays interest will always be: A.equal to the interest rate. B.equal to the investment. C.greater than the

1. The future value of an investment that pays interest will always be:

A.equal to the interest rate.

B.equal to the investment.

C.greater than the investment.

D. less than the investment.

2. The process of determining the present value of a sum of money is called discounting because the present value of a sum of money is more than the future value of a sum of money.

True or False

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