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Question 19: Which one of the following statements is correct? (1 Point) The future value of a sum increases as the period of time increases,
Question 19: Which one of the following statements is correct? (1 Point) The future value of a sum increases as the period of time increases, all else constant The future value of $100 invested at 4% simple interest increases at a constant rate as the period of time increases There is an inverse relationship between the future value of a lump sum investment and the length of the investment period. The future value of $100 invested at 4%, compounded annually decreases over time in a logarithmic manner Because time is the exponent in the present value formula, the length of an investment period has minimal effect on the present value of the investment
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