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Question 3 (4 points) Saved Listen All else constant, if the interest rate decreases, what happens to the future value of some amount of money
Question 3 (4 points) Saved Listen All else constant, if the interest rate decreases, what happens to the future value of some amount of money deposited today? For example, what will happen to the future value, n years from today (where n > 0), of $5,000 deposited into an account today if the interest rate decreases from 15% to 10%? The future value will increase The future value will decrease The future value will remain the same The future value might increase, decrease or remain the same, depending on exact value of n
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