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Phil Mickelson is investing $4,444 today at 4 percent annual interest for four years. Which one of the following will increase the future value of
Phil Mickelson is investing $4,444 today at 4 percent annual interest for four years. Which one of the following will increase the future value of that amount?
A.) Increasing the interest rate
B.) Shortening the investment time period
C.) Paying simple interest rather than compound interest
D.) Paying interest only at the end of the investment period rather than throughout the investment period
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