When Computing the Number of Deposits Needed to Accumulate to a Future

question 42

True/False

When computing the number of deposits needed to accumulate to a future sum, it will take longer the higher the interest rate, holding the future value and deposit size constant.

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Definitions:

Financial Managers

Professionals responsible for the financial health of an organization, including developing strategies and plans for the long-term financial goals of their organization.

Market Value

The selling price of an asset in a competitive auction framework.

Owners' Equity

The ownership stake of shareholders in a company, reflected by the value of its assets minus its liabilities.

Capital Structure

The blend of financing from debt and equity that a company employs to finance its growth and ongoing activities.