Question
For a given nominal interest rate greater than 0%, if the number of compounding periods per year increases (for example, from quarterly to monthly), the
For a given nominal interest rate greater than 0%, if the number of compounding periods per year increases (for example, from quarterly to monthly), the present value of $1000 to be received exactly 10 years from today will:
-
increase.
-
decrease.
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remain unchanged.
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either increase or decrease, depending on the nominal interest rate.
please explain, thanks!
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ONE WORD FROM GOD CAN CHANGE YOUR FINANCES
Authors: Ken Copeland
1st Edition
1575629585, 978-1575629582
