A Two-Year Investment of $3500 Is Made Today at an Annual

question 24

Multiple Choice

A two-year investment of $3500 is made today at an annual interest rate of 5.75%.Which of the following statements is TRUE?

• A)The future value would be greater if the interest rate was higher.
• B)The present value would be greater if the interest rate was higher.
• C)The future value would be greater if the interest rate was lower.
• D)The future value does not change as the interest rate changes.

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Determinants Of Membership

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A concept in psychology that suggests a correlation between a person's level of extraversion and their reported levels of happiness or well-being.

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An interdisciplinary field of research that examines the cultural contexts and societal implications of ideas, practices, and artifacts.