Over Time,the Future Value of $1000 Invested Today at 6

question 29

Multiple Choice

Over time,the future value of $1000 invested today at 6 per cent,compounded annually,will increase by:

• A)a constant annual amount given the interest on interest effect
• B)a constant annual amount given that interest is compounded annually
• C)a decreasing annual amount due to the compounding effect
• D)an increasing annual amount given the compound interest effect
• E)an increasing annual amount due to the effects of the simple interest rate

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Definitions:

Universal Set

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