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Kendall is investing $ 3 , 0 0 0 today at 5 percent annual interest for three years. Which one of the following will increase
Kendall is investing $ today at percent annual interest for three years. Which one of the following will increase the future value of that amount?
Multiple Choice
Pick a saving account that paysinterest only on the principal amount
Shortening the investment time period
Pick a saving account that pays simple interest rather than compound interest
Pick a saving account that pays higherinterest rate
Pick a saving account that pays interest only at the end of the investment period rather than throughout the investment period
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