As the interest rate increases, determine whether the amount increases, decreases or remains the same. Assume that all other variables remain constant.

Monthly value for a sinking fund __________ (decreases, increases, remains the same).

Question

As the interest rate increases, determine whether the amount increases, decreases or remains the same. Assume that all other variables remain constant.
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Monthly value for a sinking fund __________ (decreases, increases, remains the same).

Quizplus · Accepted Answer

The Answer of As the interest rate increases, determine whether the amount increases, decreases or remains the same. Assume that all other variables remain constant.
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Monthly value for a sinking fund __________ (decreases, increases, remains the same).

As the Interest Rate Increases, Determine Whether the Amount Increases