Question
1.Answer the following questions and provide a brief explanation for each: a)How would lowering the interest rate affect the future value of a single deposit
1.Answer the following questions and provide a brief explanation for each:
a)How would lowering the interest rate affect the future value of a single deposit made today?
b)How would reducing the frequency of compounding affect the future value of an investment?
c)How would raising the interest rate affect the present value of a fixed amount of money in the future?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
