Question
You plan on saving $100 every month for ten years. Select all the true statements. Question options: If you double the size of the payments,
You plan on saving $100 every month for ten years. Select all the true statements.
Question options:
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If you double the size of the payments, while holding everything else constant, you will end up with exactly twice the future value
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If the interest rate is greater than 2% and you double the time (and the number of payments), you will end up with exactly twice the future value
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This is an example of uneven cash flow
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This is an example of a lump sum
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If you were doing this problem with a financial calculator, and you were trying to compute the future value, your payments and the computed future value would have opposite signs
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If you want to accrue more money at the end of the investment period, holding everything else constant, you need to start saving earlier.
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