The Future Value Compound Factor Given for Period (N)at 15

question 6

Multiple Choice

The future value compound factor given for period (n) at 15%:

• A)Would be less than the factor for period (n + 1)at 15%
• B)Would be greater than the factor given for period (n + 1)at 15%
• C)Would be the same as the factor given for period (n + 1)at 15%
• D)Bears no relationship to the factor for period (n + 1)at 15%

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