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Home Q & A Board Other Fields Homework Help Business Management
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stranahan stranahan
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7 years ago
Present values and interest rates are inversely related. This means that if you deposit $1,000 into an interest-earning account today, it will take longer to reach a future value of $5,000 at an interest rate of 6% than at a rate of 4%.
A) True
B) False
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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clockfitnessclockfitness
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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