For Any Positive Interest Rate,the Future Value of $100 Increases

question 157

True/False

For any positive interest rate,the future value of $100 increases with the passage of time.Thus,the longer the period of time,the greater the future value.

---

Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the material and labor costs.

Prior Quarter Sales

The total revenue generated by a business in the quarter immediately preceding the current one.

Accounts Payable

The amount of short-term debts or obligations a company owes to its suppliers or creditors.

Account Receivable

Debts owed by customers to a company for products or services that have been dispatched but not settled.