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Explain how the future value of a cash flow will change if each of the following factors changes as indicated, assuming other factors are unchanged.

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Explain how the future value of a cash flow will change if each of the following factors changes as indicated, assuming other factors are unchanged. a) The time horizon increases. b) The interest rate decreases. c) The interest compounding frequency increases. (That is, m in the effective interest rate expression becomes larger.)

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