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Calculate the following Future Values and note the relationships between Future Value and interest rates and the length of time of the investment 2. Case
Calculate the following Future Values and note the relationships between Future Value and interest rates and the length of time of the investment
2. Case 2: The interest rate remains at 3%; the years invested changes. (2 points)
a)FV of $100 invested at 3% for 5 years:
b)FV of $100 invested at 3% for 10 years:
c)FV of $100 invested at 3% for 15 years:
d)As the length of time the money is invested increases, the FV ____________.
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