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Which of the following statement is true? The future value will decrease the longer the period of time. The larger the future value interest factor,

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Which of the following statement is true? The future value will decrease the longer the period of time. The larger the future value interest factor, the larger the future value. Interest earned on the reinvestment of previous interest payments is called simple interest. The future value will decrease the higher the rate of interest. Present values increase as the discount rate increases

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