(Q. 27 IN B) UNDER WHICH OF THE FOLLOWING CONDITIONS WILL A FUTURE...
22. (Q. 27 in B) Under which of the following conditions will a future value
calculated with simple interest exceed a future value calculated with compound
interest at the same rate?
A) The interest rate is very high.
B) The investment period is very long.
C) The compounding is annually.
D) This is not possible with positive interest rates.
Answer D