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What happens to the future value when the compounding frequency increases? The future value approaches infinity. The future value becomes larger. The future value becomes
What happens to the future value when the compounding frequency increases? The future value approaches infinity. The future value becomes larger. The future value becomes smaller. The future value remains constant. O The future value can become smaller or larger. How does the future value change with increasing term (i.e., the time until the due date)? The future value remains constant. The future value increases with longer term. The future value decreases with longer term. The future value increases or decreases, regardless of the term. The future value increases with shorter term. As the discount rate increases, the present value O remains constant. o behaves unpredictably. decreases. increases at first, but then rebounds and decreases O increases as well
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