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Which one of the following will increase the present value of a lump sum future amount? Assume the interest rate is a positive value. Decrease
Which one of the following will increase the present value of a lump sum future amount? Assume the interest rate is a positive value. Decrease the frequency of compounding each year Increase in the time period Increase in the interest rate Decrease in the interest rate Decrease in the future value QUESTION 9 Which of the following bank would you rather invest your money in? A bank paying 5% compounded daily A bank paying 5% compounded monthly A bank paying 5% compounded annually A bank paying 5% compounded weekly A bank paying 5% compounded continuously
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