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1A. How much will you have in 20 years, with daily compounding, of $14,000 invested today at 8%? 1B. The present value of a future

1A.

How much will you have in 20 years, with daily compounding, of $14,000 invested today at 8%?

1B.

The present value of a future sum increases as the term (N) increases, regardless of compounding frequency.

True or False

1C.

The future value of a present sum increases as either the discount rate or the number of periods per year increases, other things held constant.

True or False

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