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An increase in which of the following will increase the future value of a lump sum investment made today assuming that all interest is reinvested?
An increase in which of the following will increase the future value of a lump sum investment made today assuming that all interest is reinvested?
I. Interest rate
II. Amount of the lump sum
III. frequency of the interest payments
IV. length of the investment period
Select one:
I and III only
II and IV only
I, II, and IV only
II, III, IV only
I, II, III, and IV
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