You deposited $3,000 in your bank account today. An increase in which of the following will increase
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Interest rate
Initial amount of your deposit
Frequency of the interest payments
Length of the investment period
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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