As interest rate increases for anu given period, the future value interest factor will _____
decrease, increase, remain unchanged, or move toward 1
please advise answer & show why - thanks so much!© BrainMass Inc. brainmass.com March 4, 2021, 6:12 pm ad1c9bdddf
the answer is increase
This because the future value comes after incorporating the ...
The solution explains the relationship between the interest rates and future value factor