The Future Value of a Deposit in a Savings Account

question 26

Multiple Choice

The future value of a deposit in a savings account will be smaller

• A)the longer a person waits to withdraw the funds.
• B)the lower the interest rate is.
• C)the larger the initial deposit is.
• D)All of the above are correct.

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Definitions:

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Ancient Greek philosopher who was a student of Socrates and teacher of Aristotle, known for his contributions to Western philosophy.

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The use of components in a sentence that are grammatically the same or similar in their construction, sound, meaning, or meter.

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The founder of the Qin dynasty in ancient China, known for unifying the country and initiating the construction of the Great Wall of China.