Question
All else constant, if the interest rate increases, what happens to the future value of some amount of money deposited today? For example, what will
All else constant, if the interest rate increases, what happens to the future value of some amount of money deposited today? For example, what will happen to the future value, n years from today (where n > 0), of $5,000 deposited into an account today if the interest rate increases from 5% to 10%?
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Financial and Management Accounting
Authors: Pauline Weetman
7th edition
1292086599, 978-1292086590
