The smaller the interest rate and the number of periods, the ________. Multiple Choice the smaller...
The smaller the interest rate and the number of periods, the ________. Multiple Choice
the smaller is any future value.
the greater is any present value interest factor.
the greater is any future value.
the greater is any present value.
Homework Answers
FV = PV * (1 + r)^n
The smaller the interest rate and the number of periods, the smaller is any future value.
PV = FV/(1+r)^n
The present value will be greater if the r and n are smaller.
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