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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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
