You are investing a principal of $ 20000 today for 3 years at a yearly interest rate of 5% compounded quarterly. Which of these changes would increase the future value of your investment? a. Investing for 2 years instead of 3 years Ob. Compounding interest monthly instead of quarterly c. Compounding interest yearly instead of quarterly Od. Investing $ 15000 instead of $ 20000 e. None of these changes
You are investing a principal of $ 20000 today for 3 years at a yearly interest rate of 5% compounded quarterly. Which of these changes would increase the future value of your investment? a. Investing for 2 years instead of 3 years Ob. Compounding interest monthly instead of quarterly c. Compounding interest yearly instead of quarterly Od. Investing $ 15000 instead of $ 20000 e. None of these changes
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 21PROB
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