Given an interest rate of zero percent, the future value of a lump sum invested today wil always:  OA. remain constant, regardless of the investment time period.  OB. decrease if the investment time period is shortened.  OC. decrease if the investment time period is lengthened.  OD. be equal to $0.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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 Given an interest rate of zero percent, the future value of a lump sum invested today wil always:


 OA. remain constant, regardless of the investment time period.


 OB. decrease if the investment time period is shortened.


 OC. decrease if the investment time period is lengthened.


 OD. be equal to $0.

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