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Mike would like to save enough money to be able to move out of his grandmothers house. Which statement below would increase the future value
Mike would like to save enough money to be able to move out of his grandmothers house.
Which statement below would increase the future value of savings?
A. Receiving simple interest rather than compound interest.
B. Receiving interest only at the end of the investment period rather than throughout the investment period.
C. Increasing the interest rate.
D. Receiving interest only on the principal amount.
E. Shortening the investment time period.
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