Asked by
Leticia Escobar Blanco
on Nov 08, 2024
Verified
The future value will increase the higher the rate of interest.
Rate of Interest
The percentage of principal charged by the lender for the use of its money.
Future Value
The value of an investment at a specific future date, based on its current value and anticipated growth rate.
- Analyze the impact of interest rates on investment outcomes.
Verified Answer
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Learning Objectives
- Analyze the impact of interest rates on investment outcomes.