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30 January, 01:02

Suppose you deposit $200 today into a bank account with a variable interest rate and will receive a payment in one year. True or False: If during the year the interest rate rises, this increases the future value of your investment.

a. True

b. False

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Answers (1)
  1. 30 January, 01:24
    0
    a. True

    Explanation:

    the increase in interest rate will decrease the future value of the investment.
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