Basics of future value of the amount


Sara is investing 1000 dollars today. Which one of the following will increase the future value of that amount?

a- Shortening the investment time period

b- Paying interest only on the principal amount

c- Paying simple interest rather than compound interest

d- Paying interest only at the end of the investment period rather than throughout the investment period

e- Increasing the interest rate.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Basics of future value of the amount
Reference No:- TGS069248

Expected delivery within 24 Hours